When Sherwin-williams (SHW) Moves Investors should Listen

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Sherwin-williams (NYSE: SHW) report below is a real world example. Included are trading plans for SHW, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for SHW

• Buy SHW slightly over 281.06 target 296.83 stop loss @ 280.25 Details

The technical summary data tells us to buy SHW near 281.06 with an upside target of 296.83. This data also tells us to set a stop loss @ 280.25 to protect against excessive loss in case the stock begins to move against the trade. 281.06 is the first level of support below 289.94 , and by rule, any test of support is a buy signal. In this case, support 281.06 would be being tested, so a buy signal would exist.

• Short SHW under 296.83, target 281.06, stop loss @ 297.69 Details

The technical summary data is suggesting a short of SHW as it gets near 296.83 with a downside target of 281.06. We should have a stop loss in place at 297.69though. 296.83 is the first level of resistance above 289.94, and by rule, any test of resistance is a short signal. In this case, if resistance 296.83 is being tested, so a short signal would exist.

Swing Trading Plans for SHW

• Buy SHW slightly over 290.27, target 296.83, Stop Loss @ 289.43 Details

If 290.27 begins to break higher, the technical summary data tells us to buy SHW just slightly over 290.27, with an upside target of 296.83. The data also tells us to set a stop loss @ 289.43 in case the stock turns against the trade. 290.27 is the first level of resistance above 289.94, and by rule, any break above resistance is a buy signal. In this case, 290.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SHW near 290.27, target 281.06, Stop Loss @ 291.11. Details

The technical summary data is suggesting a short of SHW if it tests 290.27 with a downside target of 281.06. We should have a stop loss in place at 291.11 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 290.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SHW

• Buy SHW slightly over 290.27, target 290.84, Stop Loss @ 289.59 Details

If 290.27 begins to break higher, the technical summary data tells us to buy SHW just slightly over 290.27, with an upside target of 290.84. The data also tells us to set a stop loss @ 289.59 in case the stock turns against the trade. 290.27 is the first level of resistance above 289.94, and by rule, any break above resistance is a buy signal. In this case, 290.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SHW near 290.27, target 286.47, Stop Loss @ 290.95. Details

The technical summary data is suggesting a short of SHW if it tests 290.27 with a downside target of 286.47. We should have a stop loss in place at 290.95 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 290.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

SHW Ratings for October 14:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	281.06
P2	286.47	290.27	296.83
P3	290.84	297.70	312.01

Support and Resistance Plot Chart for SHW

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