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Shares of Sherwin-Williams Rise to a New 52-Week High

By Amy Schwartz

Shares of Sherwin-Williams (NYSE:SHW) traded at a new 52-week high today of $361.55. This new high was reached on below average trading volume as 66,000 shares traded hands, while the average 30-day volume is approximately 792,000 shares.

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.

Over the past year, Sherwin-Williams has traded in a range of $239.48 to $361.55 and is now at $360.04, 50% above that low. The 200-day and 50-day moving averages have moved 0.18% higher and 0.91% higher over the past week, respectively.

There is potential upside of 0.1% for shares of Sherwin-Williams based on a current price of $360.04 and an average consensus analyst price target of $360.42. The stock should discover initial support at its 50-day moving average (MA) of $286.76 and subsequent support at its 200-day MA of $264.72.

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 36.2%. 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