TMCnet News
Upgrade Alert for Sherwin-Williams (SHW)Mar 12, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Sherwin-Williams (NYSE:SHW) was upgraded from Underperform to Neutral at Credit Suisse today. The stock closed yesterday at $167.25 on volume of 426,000 shares, below average daily volume of 857,000. Sherwin-Williams share prices have moved between a 52-week high of $167.89 and a 52-week low of $105.58 and closed yesterday at 59% above that low price at $167.73 per share. The 200-day and 50-day moving averages have moved 0.51% higher and 0.52% 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 0.8% above its average consensus analyst price target of $166.42. The stock should find initial support at its 50-day moving average (MA) of $161.71 and further support at its 200-day MA of $146.51. SmarTrend is monitoring the recent change of momentum in Sherwin-Williams. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sherwin-Williams in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |