Sherwin-Williams Booked a New High

Published on Tuesday, 21 February 2012 12:34 Written by TradersHuddle Wire

New York, February 21st (TradersHuddle.com) - Shares of Sherwin-Williams Company (NYSE:SHW) booked a new 52 week high today by trading above $100.46, traders are definitely monitoring Sherwin-Williams' price action to see if this move attracts further buying into the stock.

The Sherwin-Williams Company (NYSE:SHW) manufactures, distributes, and sells paints, coatings, and related products. The its products are sold to professional, industrial, commercial, and retail customers through different distribution channels including Sherwin Williams' stores.

Sherwin-Williams is currently trading -0.06% versus its previous trading session close, and it has calculated support and resistance at $82.35 and $100.00 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading higher by 0.34% from its previous trading close, which means that Sherwin-Williams stock is underperforming the overall market.