Chart of the Day - Sherwin-Williams (SHW)

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.