Today, shares of Sherwin-Williams (NYSE:SHW) have fallen below their 10-day MA of $151.71 on a volume of 213K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
There is potential upside of 4.2% for shares of Sherwin-Williams based on a current price of $151.42 and an average consensus analyst price target of $157.79. The stock should find initial support at its 50-day moving average (MA) of $150.14 and further support at its 200-day MA of $134.77.
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.
Over the past year, Sherwin-Williams has traded in a range of $89.09 to $159.80 and is now at $151.42, 70% above that low. The 200-day and 50-day moving averages have moved 0.35% higher and 0.07% higher over the past week, respectively.