Stanley Black & Decker Builds a Rally

We reviewed the chart of Stanley Black & Decker (SWK) at the beginning of August and the short-term outlook was bearish, and we anticipated that, "Bear flag or not, SWK looks like it can decline to the $135 area in the short run."

Looking back over the past five weeks, we can see SWK declined toward the $135 area but it has since rallied back to its July highs. Our updated Point and Figure chart of SWK (third chart below) yields a $164 price target, so let's see if everything else is lining up on the upside....211 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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