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TMCNet:  Sherwin-Williams Rises 2.01% on Heavy Volume: Watch For Potential Pullback

[November 13, 2012]

Sherwin-Williams Rises 2.01% on Heavy Volume: Watch For Potential Pullback

Nov 13, 2012 (SmarTrend(R) News Watch via COMTEX) -- Sherwin-Williams (NYSE:SHW) traded in a range yesterday that spanned from a low of $148.10 to a high of $154.36. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $151.76 on volume of 2.2 million 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 $156.50 and a 52-week low of $82.35 and are now trading 85% above that low price at $152.05 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.6%.

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.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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