The charts of Stanley Black & Decker ( SWK) have been measured and oiled and look ready to breakout on the upside. Let's check them out.
In this daily bar chart of SWK, below, I see a bottom pattern playing out from September. Prices made lows in October and December but the pattern of buying interest in the $80-$70 area is the real message of this chart. Prices are now only slightly below the declining 50-day and 200-day moving averages. SWK could soon cross above these lines either by moving sideways or by rallying. I suggest that a rally will be the way these average lines are broken.
The daily On-Balance-Volume (OBV) line looks ready to turn higher from here, and the Moving Average Convergence Divergence (MACD) oscillator is just slightly below the zero line. 
In this weekly Japanese candlestick chart of SWK, below, I see an improving picture. Prices are only slightly below the 40-week moving average line. The weekly OBV line is making its own bottom pattern. The MACD oscillator is still below the zero line but a test of the underside of the zero line could be coming soon.
In this daily Point and Figure chart of SWK, below, I can see an upside price target in the $95 area.
In this second Point and Figure chart of SWK, below, I used weekly price data with a five box reversal filter. Here the software projects a price target in the $109 area.
Bottom line strategy: Traders could go long SWK around current levels risking to $60 for now. My price targets are $95 and $109 for now.
