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Sherwin-Williams Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Sherwin-Williams (NYSE:SHW) traded today at a new 52-week high of $548.98. Approximately 133,000 shares have changed hands today, as compared to an average 30-day volume of 461,000 shares.

Based on a current price of $538.55, Sherwin-Williams is currently 17.1% above its average consensus analyst price target of $446.50. The stock should find initial support at its 50-day moving average (MA) of $498.82 and further support at its 200-day MA of $444.24.

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.

Sherwin-Williams share prices have moved between a 52-week high of $548.98 and a 52-week low of $355.28 and are now trading 52% above that low price at $538.55 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.1%.

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: 52 week high/lows sherwin-williams

Ticker(s): SHW