OptionsPlay DailyPlay

The bullish DailyPlay we chose for Tuesday August 30th is Stanley Black & Decker (SWK). SWK is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 1.79% move higher and it’s 1m and 6m trend turned bullish on 8/5 and recently broke above off its $58 resistance level.

Stanley Black & Decker’s 1m and 6m trends turned bullish yesterday and recently bounced higher off its $121.50 support level. With a technical score of 8 (out of 10), SWK looks positioned to continue this strong bullish trend higher.

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