The Ascending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bullish continuation pattern.
Traders are watching Stanley Black & Decker (SWK) as price action tightens. The stock is trading at $91.26, up 4.4% on the day. Algorithmically, a Ascending Triangle structure has completed. The trend indicator is reading 5.0/100, suggesting moderate momentum. A potential breakout level is identified at $95.16, targeting $112.26 with support near $85.53 (R:R 1.78).
What is your outlook on SWK?