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Bearish Moving Average Cross by Sherwin-Williams (SHW)

By Amy Schwartz

Today, shares of Sherwin-Williams (NYSE:SHW) have fallen below their 10-day MA of $470.69 on a volume of 116K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Sherwin-Williams share prices have moved between a 52-week high of $479.64 and a 52-week low of $355.28 and are now trading 32% above that low price at $468.74 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Sherwin-Williams on June 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $441.67. Since that recommendation, shares of Sherwin-Williams have risen 6.8%. We continue to monitor SHW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sherwin-williams

Ticker(s): SHW