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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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  • Sherwin-Williams - SHW - Barchart Chart Of The Day 0 comments
    Nov 21, 2012 11:00 AM | about stocks: SHW

    Barchart.coms Chart of the Day - Sherwin-Williams (NYSE:SHW)

    Barchart Research Team - BC - Tue Nov 20, 8:34PM CST

    The "Chart of the Day" is Sherwin-Williams (SHW), which showed up on Tuesday's Barchart "All-Time High" list. Sherwin-Williams on Tuesday posted a new all-time high of $158.64 and closed +0.61%. TrendSpotter just turned long again on Monday at $157.01. Sherwin-Williams was last featured by "Chart of the Day" as of the close of $126.31 on May 25, 2012. In recent news on the stock, CLSA upgraded Sherwin-Williams to Outperform from Underperform and raised its target to $170 from $145 due to the acquisition of Consorcio Comex, which will give Sherwin-Williams access to under-represented areas of California and the Pacific Northwest. Sherwin-Williams on Oct 25 reported Q3 EPS at $2.24, above the consensus of $2.20. Sherwin-Williams, with a market cap of $15 billion, sells paint, coatings and related products. It is the one of largest paint companies in the United States and in the world with brands including Sherwin-Williams, Dutch Boy, Pratt & Lambert, Martin-Senour, Thompson's, Minwax, and Krylon.

    (click to enlarge)

    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 web site when you read this report.

    • TrendSpotter: Buy
    • Short-Term Indicators: 60% Buy
    • Medium-Term Indicators: 100% Buy
    • Long-Term Indicators: 100% Buy
    • Overall Average 88% Buy

    Barchart links for further information:

    Quotes and Charts
    Detailed Quote

    Technical Analysis
    Technicals Summary
    Trader's Cheat Sheet™

    Barchart Opinions
    Barchart Opinion
    Barchart Snapshot
    Trading Strategies

    Company Info
    Company Profile
    Key Statistics
    Income Statement-Quarterly
    Income Statement-Annual
    Balance Sheet-Current
    Balance Sheet-Annual

    Chart of the Day Archive
    View Past Chart of the Day Reports

    Stocks: SHW
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