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Watch for Sherwin-Williams to Potentially Pullback After Gaining 2.10% Yesterday

By David Diaz

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.

Sherwin-Williams share prices have moved between a 52-week high of $435.15 and a 52-week low of $239.48 and are now trading 66% above that low price at $396.73 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.

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.

Keywords: rebounders sherwin-williams

Ticker(s): SHW