Jim Van Meerten's  Instablog

The "Chart of the Day" is Sherwin-Williams (SHW), which showed up on Thursday's Barchart "All Time High" list. Sherwin-Williams on Thursday posted a new all-time high of $88.87 and closed up 1.22%. TrendSpotter was long on Sherwin-Williams from October through early-December, turned neutral in mid-December, and then issued a new Buy signal this past Tuesday at $86.85. In recent news on the stock, Sherwin-Williams on Oct 25 reported Q3 EPS of $1.71, above the consensus of $1.69. The company on Oct 24 announced a settlement with the IRS regarding the company's employee stock ownership plan, which resulted in a charge of $75 million to earnings. Sherwin-Williams, with a market cap of $9 billion, sells paint, coatings and related products. 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: 100% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 100% Buy

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