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Kuryliuk

~0.2 mins read
šŸ‘‹ Hello!
Shiba Inuļ¼ˆSHIBļ¼‰is a cryptocurrency that originated in August 2020ļ¼Œit is currently one of the top 10 cryptocurrencies in the world .
Get 5,000 000. SHIB
https://t.me/shib_miner_game_bot?start=969643822
profile/7498temp_profile_image551957892.jpg
Kuryliuk

Get 5,000 000. SHIB
~0.2 mins read
šŸ‘‹ Hello!
Shiba Inuļ¼ˆSHIBļ¼‰is a cryptocurrency that originated in August 2020ļ¼Œit is currently one of the top 10 cryptocurrencies in the world .
Get 5,000 000. SHIB
https://t.me/shib_miner_game_bot?start=969643822

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Instablog9ja
Man Reveals What Has Happened To His Friend Since He Got Married
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Investopedia
Sherwin-Williams Stock Price Levels To Watch After News Of Inclusion In The Dow
~2.4 mins read

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 Average.

Sherwin-Williams will replace chemicals giant Dow Inc. (DOW) in the price-weighted index, which tracks 30 large companies. S&P Dow Jones Indices also announced that AI investor favorite Nvidia (NVDA) will replace struggling chipmaker Intel (INTC), with the changes taking effect prior to the start of trading on Friday.

Sherwin-Williams shares have gained around 15% since the start of the year as of Fridayā€™s close, outpacing the DJIAā€™s return of about 12% over the same period. Although the company missed earnings estimates in its latest quarter, it has surpassed Wall Streetā€™s expectations in the majority of the past 20 quarters, according to FactSet data, showcasing the paint makerā€™s long-term profitability.

The stock rose 3.4% to $370 in after-hours trading on Friday.

Below, we review the technicals on Sherwin-Williams' weekly chart and identify important price levels that investors may be watching.

Since topping out in late 2021, Sherwin-Williams shares carved out a textbook cup and handle, a bullish chart pattern that resembles a cup with a handle and signals a continuation of the stockā€™s longer-term uptrend.

Indeed, the shares broke out above the formation in mid-August, but have recently retraced towards the initial breakout point, potentially leading to a retest of the pattern's upper trendline.

Letā€™s use technical analysis to identify two important support levels on Sherwin-Williams chart and forecast a measured move price target.

The first support level to eye sits around $348, where the shares may encounter buying interest near the cup and handle's upper trendline, which may have flipped from a region of prior resistance into future support.

A failure by bulls to defend this important technical level could see the stock revisit lower support at the $283 level, currently just above the closely watched 200-week moving average.

Investors may seek entry points near a trendline in this area connecting a range of comparable price action on the chart between May 2021 and June this year.

To forecast a bullish price target, we can use the measured move technique, also known by chart watchers as the measuring principle.

This works by calculating the depth of the cup portion of the pattern and adding that amount to the formation's upper trendline. For instance, we add $155 to $348, which projects a measured move target of $503, an area where investors could take profits, especially given its proximity to a psychological round number.

Do you have a news tip for Investopedia reporters? Please email us at [email protected]

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Investopedia
16 Economic Policy Changes Kamala Harris Would Implement If Elected
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The Democratic candidate, Vice President Kamala Harris, has outlined her ā€œopportunity economyā€ throughout her campaign.

The economy has consistently ranked as the top concern for voters in the upcoming election. A recent Gallup poll showed that 43% of people cited economic issues as their top concern, up from 36% when asked in April. Inflation and the federal debt are among the most concerning economic issues to voters.

Both candidates have made the economy a major part of their pitch to voters. Here's what policies Harris said she would implement if elected as president.

To read more about the Harris's opponent's plan click here.

Do you have a news tip for Investopedia reporters? Please email us at [email protected]

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