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

By James Quinn

Sherwin-Williams (NYSE:SHW) shares have crossed bearishly below their 10-day moving average of $290.70 on a volume of 101K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Sherwin-Williams share prices have moved between a 52-week high of $309.00 and a 52-week low of $218.27 and are now trading 33% above that low price at $290.55 per share. 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 subscribers consider buying shares of Sherwin-Williams on February 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $257.24. Since that recommendation, shares of Sherwin-Williams have risen 13.3%. 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