Is Stanley Black & Decker, Inc. CORP UNIT 2017 (SWP) a Sell? The Stock Formed Bearish Ascending Triangle Chart Pattern

September 16, 2018 - By Elena Maslow

The stock of Stanley Black & Decker, Inc. CORP UNIT 2017 (SWP) formed an ascending triangle with $105.20 target or 6.00 % below today’s $111.91 share price. The 6 months triangle pattern indicates high risk for the $17.14B company. If the $105.20 price target is reached, the company will be worth $1.03B less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 0.01% or $0.01 during the last trading session, reaching $111.91. About 22,708 shares traded. Stanley Black & Decker, Inc. CORP UNIT 2017 (NYSE:SWP) has risen 0.76% since September 16, 2017 and is uptrending. It has underperformed by 14.86% the S&P500.

Stanley Black & Decker, Inc. provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company has market cap of $17.14 billion. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances. It has a 17.08 P/E ratio. It also offers hand tools, including planes, hammers, demolition tools, clamps, vises, knives, chisels, and industrial and automotive tools, as well as measuring, leveling, and layout tools; power tool accessories; and storage products.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.