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Sherwin-Williams Crosses Above its 10-day MA (SHW)

By Shiri Gupta

Today, shares of Sherwin-Williams (NYSE:SHW) have crossed bullishly above their 10-day moving average of $529.49 on a volume of 172K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Sherwin-Williams has traded in a range of $355.28 to $540.24 and is now at $540.24, 52% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Sherwin-Williams on July 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $479.14. Since that recommendation, shares of Sherwin-Williams have risen 10.1%. We continue to monitor SHW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sherwin-williams

Ticker(s): SHW