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SWK

Stanley Black & Decker Surges Why?Stanley Black & Decker shares jumped more than 8% Saturday after it boosted its profit forecast for the year. The tool maker said its cost-cutting efforts are paying off. Stanley now expects $1.10 to $1.40 in adjusted earnings per share in 2023, up from its past guidance of $0.70 to $1.30. The tool maker said its cost-cutting efforts are paying off. Stanley now expects $1.10 to $1.40 in adjusted earnings per share in 2023, up from its past guidance of $0.70 to $1.30. Stanley has been slimming itself for more than a year after the post-pandemic consumer pullback left it holding an outsize amount of inventory. The company said it has reduced that stockpile by $880 million so far this year, and by $1.7 billion since mid-2022. Quarterly net sales slipped from the same period last year, coming in at just under $4 billion. But adjusted gross profit margins continued to grow, reaching 28%. The company’s goal is at least 35%. As the company reduces the number of products it sells, Chief Executive Donald Allan Jr. defined the hierarchy of its brands. He said Craftsman, DeWalt and Stanley are in the top tier, while brands like Irwin, Lenox and Troy-Bilt will be used “in a more simplified way.”
NYSE:SWKLong
by DEXWireNews
1
$SWK Bearish Parallel Down Trend BreakNYSE:SWK Bearish Parallel Down Trend Break to bullish reversal. The analysis of the potential bearish-to-bullish reversal in the context of NYSE:SWK (Stanley Black & Decker, Inc.) involves examining key price movements and technical patterns. Specifically, the break of a parallel down trend and its implications for a potential shift in sentiment. **Bearish Parallel Down Trend:** A bearish parallel down trend is characterized by a series of lower highs and lower lows. This pattern indicates a persistent downward movement in the stock's price. It suggests that sellers have been consistently in control, pushing the price lower over time. **Break of the Parallel Down Trend:** The breakout of a parallel down trend is a notable technical event. It signifies that the stock's price has broken free from the downward trajectory it had been following. This break suggests a potential weakening of bearish pressure and a shift towards more balanced or bullish sentiment. **Implications for Reversal:** The break of a bearish trendline doesn't guarantee an immediate bullish reversal but indicates that the downward momentum has subsided. It can be a precursor to a potential trend reversal, where buyers might start gaining more influence over the price direction. **Confirmation and Analysis:** To gain more confidence in the potential reversal scenario, consider the following factors: 1. **Volume Confirmation:** An increase in trading volume during the trendline breakout can confirm the legitimacy of the breakout. Higher volume suggests increased market interest and participation, supporting the idea of a trend reversal. 2. **Price Action Above Trendline:** After the breakout, monitor the price action. A sustained move above the trendline indicates that the stock is potentially transitioning to a more bullish phase. 3. **Support and Resistance Levels:** Identify key support and resistance levels on the chart. The breakout above the trendline might encounter resistance at previous support-turned-resistance levels. The ability to surpass these levels adds strength to the reversal argument. 4. **Moving Averages and Indicators:** Look at moving averages (such as the 50-day or 200-day) and technical indicators (like the Relative Strength Index or MACD) for additional confirmation of changing momentum and potential bullish sentiment. 5. **Market Context:** Consider broader market conditions, news, and company-specific factors that might influence the stock's price movement. External factors can play a significant role in validating or invalidating technical patterns. It's important to remember that technical analysis involves probabilities, not certainties. While a bearish parallel down trend break suggests a potential bullish reversal, it's wise to combine technical analysis with other methods, such as fundamental analysis, to make well-informed trading decisions. Always be prepared for unexpected market movements and manage risk appropriately.
NYSE:SWK
by AlgoTradeAlert
SWK is target for dip buying festivalBased on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on October 1, 2021 with a closing price of 173.87. If this instance is successful, that means the stock should rise to at least 174.83 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 2.089% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 5.72% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 9.332% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 40 trading bars after the signal. A 0.5% rise must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 5 trading bars; half occur within 17 trading bars, and one-quarter require at least 37 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:SWKLong
by StockSignaler
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. Unusual Option Activity: We define unusual option activity as large block trades that represent a large percentage of daily option volume. The block trade is considered “unusual” if the option volume is above the average daily volume over the past 22 days. At KeeneOnTheMarket.com we scan and analyze order flow from all of the major options exchanges in order to identify any unusual option activity. Analyzing unusual order flow gives traders a window into what the positions that large institutional players have. The majority of unusual option activity can be traced back to hedge funds, mutual funds, and other large institutions. Knowing where these institutions are placing their bets can be hugely advantageous for any trader. These institutions have informational and technological advantages that the average trader doesn’t have, and the amount of time and analysis that goes into every one of their trades is substantial. We offer this service through our 7 hour daily LIVE trading room bit.ly or through Premium Twitter feed with all entries, exits, and unusual options activity tweeted all day long: bit.ly . Order flow can however at times be deceiving. One might logically thing that a large block buyer of calls is bullish on the underlying. This is not always the case. Remember that a large number of participants in the equity options market are hedgers. Long calls are a hedge against short stock, and long puts are a hedge against long stock. With this in mind we have developed a 7 step trading plan that helps filter out unusual option activity that will not provide actionable trade setups. It is by using this plan that we are able to identify the most significant unusual options activity trades every day.
NYSE:SWKLong
by KeeneOnMarket