Stanley Black & Decker (SWK) is the world's largest maker of tools, the second largest commercial electronic security company, and a big provider of engineered fastening systems. Trading volume has been heavy since February and the On-Balance-Volume (OBV) line has been weak for the past 12 months. The Moving Average Convergence Divergence (MACD) oscillator is below the zero line and can only manage a number of cover shorts buy signals. The weekly OBV line shows some temporary improvement in the past three months. The MACD oscillator is in a bearish alignment but there was some narrowing of the two moving averages that comprise this indicator.

Source: Wall Street Journal June 11, 2022 23:14 UTC