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Sherwin-Williams Rises 2.10% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Sherwin-Williams (NYSE:SHW) traded in a range yesterday that spanned from a low of $389.23 to a high of $399.07. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $392.43 on volume of 284,000 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 tracking the current trend status for Sherwin-Williams and will alert subscribers who have SHW in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Sherwin-Williams have traded between a low of $239.48 and a high of $435.15 and are now at $396.73, which is 66% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.2%.

Keywords: rebounders sherwin-williams

Ticker(s): SHW