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SmarTrend Watching for Potential Rebound in Shares of Sherwin-Williams After 2.32% Loss

By Nick Russo

Sherwin-Williams (NYSE:SHW) traded in a range yesterday that spanned from a low of $395.81 to a high of $404.97. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $406.31 on volume of 283,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Sherwin-Williams share prices have moved between a 52-week high of $479.64 and a 52-week low of $355.28 and are now trading 12% above that low price at $397.15 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

Keywords: rebounders sherwin-williams

Ticker(s): SHW