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Watch for Continued Gains in Shares of Sherwin-Williams (SHW)

By David Diaz

Shares of Sherwin-Williams (NYSE:SHW) traded at a new 52-week high today of $557.50. Approximately 74,000 shares have changed hands today, as compared to an average 30-day volume of 419,000 shares.

Over the past year, Sherwin-Williams has traded in a range of $355.28 to $557.50 and is now at $554.18, 56% above that low. The 200-day and 50-day moving averages have moved 0.56% higher and 0.43% higher over the past week, respectively.

The Sherwin-Williams Company manufactures, distributes, and sells paints, coatings, and related products. The Company's products are sold to professional, industrial, commercial, and retail customers primarily in North and South America. Sherwin Williams also has additional operations in the Caribbean region, Europe, and Asia.

Sherwin-Williams (NYSE:SHW) is currently priced 19.4% above its average consensus analyst price target of $446.50. Sherwin-Williams shares have support at the 50-day moving average (MA) of $530.11 and additional support at the 200-day MA of $460.61.

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: 52 week high/lows sherwin-williams

Ticker(s): SHW