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Bearish Moving Average Cross by Sherwin-Williams (SHW)

By David Diaz

Sherwin-Williams (NYSE:SHW) crossed under its 10-day moving average of $334.47 on a volume of 148K shares. This may provide short-term investors a chance 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 $239.48 to $362.57 and is now at $334.21, 40% 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 is tracking the current trend status for Sherwin-Williams and will alert subscribers who have SHW in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses sherwin-williams

Ticker(s): SHW