Price action reveals Stanley Black & Decker Inc, Woodward, Inc., JetBlue Airways Corporation as the stocks to watch as they near pivotal price targets in the near term.

A quick recap of where the last trading session ended: Leading equity indices in the US declined as Nasdaq closed at 13,700, a 0.68% change. S&P 500 was down 0.37% before closing the session at 4,409.59.

What is a Price Target?

A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Check out this rundown of industrials stocks and their price targets.

Stanley Black & Decker active price target: $89.81; currently at $90.9

Stanley Black & Decker Inc could begin to recover as it approaches significant support, now $1.09 away from $89.81. Dipping below could be an indication that further losses are ahead.

Though in the midst of a 6 day uptrend, gaining a total of 7.45%, ($6.88), the prevailing bullish trend is beginning to fade following Friday's downbeat session. The Fortune 500 industrial tools manufacturer has recovered almost all of its session losses after dipping down to $89.84 Friday. Stanley Black & Decker's recent uptrend could be petering out after the company eclipsed its average daily volume of 1.73 million by 133% today.

Woodward | Price Target: $113.17 approx $1.07 away; Current Price: $114.24 Session Low: $113.53 Session High: $116 | Off Hours: $114.24

Woodward's run now faces a challenge at $113.17, which is only $1.07 away and will be interesting to follow.

Though in the midst of a 13 day uptrend, gaining a total of 8.38%, ($9.16), Friday's session suggests run might be coming to an end — the US control systems maker has recovered almost all of its session losses after dipping down to $113.53 Friday. Woodward's recent uptrend could be petering out after the company eclipsed its average daily volume of 282,751 by 144% today.

Buyers pushing JetBlue towards its price target of $8.13; currently at $8.06

JetBlue's recent run now faces a major challenge as concentrated supply is likely found at $8.13 with price action currently 7 cents away.

JetBlue Airways has posted further gains as part of a 10 day trend that has already seen the stock gain $1. Friday's session pointed in the same direction — after closing at $eight on Thursday, JetBlue maintained a strong bullish bias that helped the stock close higher at $8.06 Friday. However, market bears ensured the the major low cost US airline topped out at $8.12 and that by the end of the session, the market had marked out a distinct $7.96 to $8.12 range. Daily trading volume (11.26 million shares) was slightly above the current multiday average of 9.85 million.