Bearish Moving Average Cross by Sherwin-Williams (SHW)
Today, shares of Sherwin-Williams (NYSE:SHW) have crossed bearishly below their 10-day moving average of $292.53 on a volume of 109K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Sherwin-Williams has traded in a range of $218.27 to $309.00 and is now at $292.42, 34% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.2%.
SmarTrend recommended that subscribers consider buying shares of Sherwin-Williams on February 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $257.24. Since that recommendation, shares of Sherwin-Williams have risen 13.9%. 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