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Shares of Sherwin-Williams Has Risen Above Previous 52-Week High

By James Quinn

Sherwin-Williams (NYSE:SHW) traded at a new 52-week high today of $360.07. So far today approximately 73,000 shares have been exchanged, as compared to an average 30-day volume of 792,000 shares.

In the past 52 weeks, Sherwin-Williams share prices have been bracketed by a low of $218.27 and a high of $360.07 and are now at $359.85, 65% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.

Sherwin-Williams (NYSE:SHW) is currently priced 9.7% above its average consensus analyst price target of $324.92. Sherwin-Williams shares have support at the 50-day moving average (MA) of $286.76 and additional support at the 200-day MA of $264.72.

The Sherwin-Williams Company manufactures, distributes, and sells paints, coatings, and related products. The Company's products are sold to professional, industrial, commercial, and retail customers primarily in North and South America. Sherwin Williams also has additional operations in the Caribbean region, Europe and Asia.

SmarTrend recommended that subscribers consider buying shares of Sherwin-Williams on November 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $263.63. Since that recommendation, shares of Sherwin-Williams have risen 35.4%. We continue to monitor SHW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows sherwin-williams

Ticker(s): SHW