The “Chart of the Day” is Sherwin-Williams Company (SHW), which showed up on Friday’s Barchart “All-Time High” list. Sherwin-Williams posted an all-time high Friday at $143.38 and closed up +2.02%. TrendSpotter has been long Sherwin-Williams since July 26 at $133.17. In recent news on the stock, Jim Cramer on his “Mad Money” show on Aug 14 said it was “time to go shopping for home-related stocks” due to improvement in the housing market and that Sherwin-Williams was a “Buy.” On Aug 7, Sherwin-Williams reported Q2 earnings of $2.17 per share, beating analysts’ estimates of $2.13 and that its first-half 2012 sales were $4.71 billion, up +11.9% y/y from $4.21 billion in the first-half of 2011. Sherwin-Williams, with a market cap of $14.445 billion, is a manufacturer, distributor and retailer of paint, coatings and related products. It is the one of largest paint companies in the United States and in the world. Well known brands include Sherwin-Williams, Dutch Boy, Pratt & Lambert, Martin-Senour, Thompson’s, Minwax and Krylon.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “All-Time High” list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the “All-Time Highs” menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the “Percent” column title. A stock that has posted a new all-time high is typically showing strong upside momentum.
The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- TrendSpotter: Buy
- Short-Term Indicators: 80% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 96% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
