Stanley Black & Decker stock saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 68 to 71.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 as they launch their biggest price moves. See if Stanley Black & Decker stock can continue to rebound and clear that threshold.
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Is Stanley Black & Decker Stock A Buy?
Stanley Black & Decker stock dipped below its 200-day moving average and is not currently offering a proper buying opportunity. See if the stock goes on to build a promising consolidation that could ignite a new run.
The power tools and equipment maker showed 0% earnings growth in its most recent report, while sales growth came in at -5%.
Stanley Black & Decker stock holds the No. 5 rank among its peers in the Building-Hand Tools industry group. Snap-On and Toro Co are also among the group's highest-rated stocks.
