Stanley Black & Decker, Toro, Deere trade above trend lines

For investors, that supports pricing power and volumes in names tied to tools, lawn care and outdoor equipment. Stanley Black & Decker closed at $94.58 on July 31, above its 50-day moving average of $85.72 and 200-day average of $76.85, while Deere finished at $592.67, also above its 50-day and 200-day averages. Toro, trading at $91.87, is hovering near its 50-day moving average of $92.55 and above its 200-day average of $87.55.

The technical picture is still constructive across the group, though momentum has cooled from recent highs. Stanley Black & Decker’s RSI reading of 67.1 and Deere’s 52.6 suggest neither stock is deeply stretched, while Toro’s RSI of 46.1 points to a more neutral setup after a pullback from its recent run-up.

The broader narrative is that consumers are still choosing practical purchases over bigger-ticket discretionary goods, which tends to favor tools, maintenance equipment and home-improvement brands. That leaves the sector positioned for another test if spending sentiment stays hot into late summer and if retailers keep reporting healthy demand for project-driven categories.