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Street Fades Favorable Barron's Article On Sherwin-Williams

By Insider Scoop
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Courtesy of Benzinga.

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Sherwin-Williams Co (NYSE: SHW) shares are trading lower by $2 at $243.77 in Monday’s session. Despite a favorable piece in Barron’s over the weekend, investors utilized the rally off the open to exit the issue.

Following over a $1 higher open, the issue rallied to $247.72 (well shy of Friday’s high $249.93) before reversing course. At this time, the issue is attempting to find support in the area of Friday’s low ($243.51), reaching $243.34.

Joel Elconin is the co-host of Benzinga39;s #PreMarket Prep, a daily trading idea radio show.

Posted-In: Technicals Intraday Update Movers Trading Ideas

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