SWK Swing Trading - StrategyHere we have SWK nearing a good resistence. Stoch RSI also in oversold with crossover. Profit zone somewhere near 128-129 mark
1SWK trade ideas
$SWK - Stanley Black & Decker on watch for move over supportWe 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.
$SWK - Stanley Black and DeckerBuy order set for a break of todays high.
Price is oversold on the technicals and broker consensus is 184. Strong consistent financials.
My target is 198 with stops at 158.
Trader Takes a Bullish Bet in SWK into Earnings tomorrow AMStanley Black & Decker, Inc. provides power and hand tools, mechanical access solutions, and electronic security and monitoring systems for various industrial applications. . SWK is currently trading around $82.20 in a 52 week range of $73.77-$92.76. The company’s stock has been over performing the market this year with shares rallying year to date. Options traders seem to think that this trend will continue as order flow in XYZ has been decidedly /bullish during today’s trading session. Earlier today a trader bought 2400 SWK May 82.5 Calls for $2.05 . This is an extremely bullish order and involves this trader laying out $492,000 in total premium. One sentence summary of the chart and the cloud. With this order flow and this chart set up I believe XYZ is setting up well for a long.
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