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Sherwin-Williams Rises 2.15% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Sherwin-Williams (NYSE:SHW) traded in a range yesterday that spanned from a low of $573.96 to a high of $577.51. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $575.33 on volume of 155,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Sherwin-Williams share prices have been bracketed by a low of $371.00 and a high of $597.00 and are now at $584.39, 58% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

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.

Keywords: rebounders sherwin-williams

Ticker(s): SHW