Sherwin Williams Co. stock trades under the ticker SHW & has shown recent bullishness that traders & investors should take a closer look into.
SHW stock closed at $271.37/share on 4/26/2022.
Sherwin Williams Co. SHW Stock’s Technicals Broken Down
SHW Stock Price: $271.37
10 Day Moving Average: $253.57
50 Day Moving Average: $254.35
200 Day Moving Average:$293.98
RSI: 61.8
MACD: -0.185
Yesterday, SHW stock completed a bullish MACD crossover, while gapping up 9.41% & breaking out above its 10 & 50 day moving averages.
With trading volume that is far above average compared to the prior year & an RSI that is 61, there looks to be more short-term momentum while SHW stock establishes a new price range.
They will need to break above the $271.49, $271.05 & $275.05/share resistance levels as they continue to climb higher.
Sherwin Williams Co. SHW Stock As A Long-Term Investment
Investors will like SHW stock’s P/E (ttm) of 35.09, but may not be too fond of their 26.2 P/B (mrq).
They recently reported 6.1% Quarterly Earnings Growth Y-o-Y, with -25% Quarterly Earnings Growth Y-o-Y.
Their balance sheet warrants a closer examination before investment, with Total Cash (mrq) of $165.7M & Total Debt (mrq) of $11.5B.
SHW stock pays a 0.89% dividend, which appears to be stable in the long run, with a 31.5% payout ratio.
79.34% of SHW stock’s outstanding share float is owned by institutional investors.
Sherwin Williams Co. SHW Stock As A Short-Term Trade Using Options
Short-term oriented traders can profit from movement in SHW stock by trading options, while also protecting themselves from broader market volatility.
I am looking at the contracts with the 5/20 expiration date.
The $250, $260 & $270 call options look appealing.
The $300, $290 & $280 puts also look interesting, but are very illiquid.
Tying It All Together
Overall, there are many advantages that SHW stock can bring to your portfolio.
Investors will like their dividend yield, as well as their valuation metrics.
Traders will like their current momentum, but may be disappointed by their levels of open interest.
SHW stock is worth taking a closer look into, regardless of your portfolio strategy.
*** I DO NOT OWN SHARES OF SHW STOCK AT THE TIME OF WRITING THIS ***