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Sherwin-Williams Bearish Moving Average Crossover Alert (SHW)

By Shiri Gupta

Today, shares of Sherwin-Williams (NYSE:SHW) have fallen below their 10-day MA of $269.78 on a volume of 133K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Sherwin-Williams share prices have been bracketed by a low of $218.27 and a high of $312.48 and are now at $269.54, 23% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Sherwin-Williams on August 19th, 2016 by issuing a Downtrend alert when the shares were trading at $286.71. Since that call, shares of Sherwin-Williams have fallen 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses sherwin-williams

Ticker(s): SHW