After Yesterday's Rally of 1.74% Shares Could Potentially Pullback
Sherwin-Williams (NYSE:SHW) traded in a range yesterday that spanned from a low of $292.22 to a high of $300.48. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $295.38 on volume of 450,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend is monitoring the recent change of momentum in Sherwin-Williams. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sherwin-Williams in search of a potential trend change.
In the past 52 weeks, Sherwin-Williams share prices have been bracketed by a low of $218.27 and a high of $309.00 and are now at $299.81, 37% 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.
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