Thursday, February 16, 2012

Chart of the Day - Sherwin-Williams (SHW)

The "Chart of the Day" is Sherwin-Williams (SHW), which showed up on Tuesday's Barchart "All Time High" list. Sherwin-Williams on Tuesday edged to a new all-time high of 100.00 and closed up +0.66%. TrendSpotter has been Long since Dec 20 at $86.85. Sherwin-Williams was last featured on "Chart of the Day" with the Dec 12 close of 84.93. In recent news on the stock, Sherwin-Williams on Jan 26 reported diluted Q4 EPS of 14 cents versus expectations of 83 cents due to an increase in tax expenses related to an asset impairment charges and an IRS settlement. Sherwin-Williams, with a market cap of $10 billion, is a manufacturer, distributor and retailer of paint, coatings and related products.

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