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Bearish Moving Average Cross by Sherwin-Williams (SHW)

By Nick Russo

Today, shares of Sherwin-Williams (NYSE:SHW) have crossed bearishly below their 10-day moving average of $306.48 on a volume of 812K 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 $312.48 and is now at $297.97, 37% 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 monitoring the recent change of momentum in Sherwin-Williams. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sherwin-Williams in search of a potential trend change.

Keywords: moving crosses sherwin-williams

Ticker(s): SHW