$SWK - Stanley Black & Decker on watch for move over support
We have a dividend paying stock that has had some earnings trouble in the last two quarters which has put this stock in a slump. For the short term, I'm currently looking at an improvement in relative strength with increase in daily volume along with a possible move above support. Earnings are less than a month away and I'm not looking at this as an earnings play. I'm simply looking at a possible reversal based on RSI and strong volume. I think it's worth watching at this point for a move over $136 which could propel this to the $145 to $146 level. My stop would be around $132. Trade safe.
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