Key Takeaways
- Shares in paint maker Sherwin-Williams are likely to remain in focus after jumping in extended trading Friday following news of its inclusion in the Dow Jones Industrial Average.
- The stock broke out above a cup and handle pattern in mid-August, but has recently retraced towards the initial breakout point, potentially leading to a retest of the pattern’s upper trendline.
- Investors should watch key support levels on Sherwin-Williams’ chart around $348 and $283, while also monitoring a measured move bullish price target at $503.
Shares in paint maker Sherwin-Williams (SHW) are likely to remain in focus after jumping in extended trading Friday following news that the company will be included in the Dow Jones Industrial…
