Stanley: The Trend Continues Higher (SXE)
SmarTrend identified an Uptrend for Stanley (NYSE: SXE) on February 24, 2010 at $24.69. In approximately 1 week, Stanley has returned 6.9% as of today's recent price of $26.40.
Stanley is currently above its 50-day moving average of $25.98 and should find resistance at its 200-day moving average of $27.47. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Stanley shares.
Write to Chip Brian at cbrian@tradethetrend.com
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