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Sherwin-Williams Makes a Move: Down 2.2%

Published on Tue, 02/19/2013 - 13:24
By Mallory Stone

Sherwin-Williams (NYSE:SHW) is one of today's notable stocks in decline, down 2.2% to $162.96. The S&P is currently trading 0.5% higher to 1,527 and the Dow Jones Industrial Average is trading 0.3% higher to 14,019.

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 $162.96, which is 66% above that low price. The 200-day and 50-day moving averages have moved 0.79% higher and 0.75% 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.

Potential upside of 2.1% exists for Sherwin-Williams, based on a current level of $162.96 and analysts' average consensus price target of $166.38. The stock should discover initial support at its 50-day moving average (MA) of $158.37 and subsequent support at its 200-day MA of $143.42.

By Mallory Stone
mstone@fnno.com