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

Published on Fri, 02/15/2013 - 15:23
By Adrienne Chilton

Shares of Sherwin-Williams (NYSE:SHW) traded at a new 52-week high today of $167.27. This new high was reached on approximately average trading volume as 748,000 shares traded hands, while the average 30-day volume is approximately 845,000 shares.

Based on a current price of $166.44, Sherwin-Williams is currently 0.0% above its average consensus analyst price target of $166.38. The stock should find initial support at its 50-day moving average (MA) of $158.05 and further support at its 200-day MA of $143.18.

In the past 52 weeks, shares of Sherwin-Williams have traded between a low of $98.28 and a high of $167.27 and are now at $166.44, which is 69% above that low price. The 200-day and 50-day moving averages have moved 0.63% higher and 0.55% 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.

By Adrienne Chilton