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

By Shiri Gupta

Today, shares of Sherwin-Williams (NYSE:SHW) have crossed bearishly below their 10-day moving average of $354.51 on a volume of 984K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Sherwin-Williams have traded between a low of $239.48 and a high of $362.57 and are now at $342.98, which is 43% above that low price. The 200-day and 50-day moving averages have moved 0.18% higher and 0.91% higher over the past week, respectively.

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 36.5%. 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