Chart of the Day - Sherwin-Williams (SHW)

The "Chart of the Day" is Sherwin-Williams (SHW), which showed up on Friday's Barchart "All-Time High" list. Sherwin-Williams on Friday posted a new all-time high of $126.43 and closed up 0.78%. TrendSpotter just turned long again last Thursday at $125.33. Sherwin-Williams was last featured by "Chart of the Day" as the close on Feb 14, 2012 of $99.80. In recent new on the stock, Sherwin-Williams on April 19 reported Q1 EPS of 95 cents, well above the consensus of 82 cents. BofA/Merrill on April 2 downgraded Sherwin-Williams to Neutral from Buy on higher input costs and valuation but nevertheless raised its target to $115 from $105. In a more prescient move, Nomura on March 12 added Sherwin-Williams to its Conviction Buy list with a target of $137. Sherwin-Williams, with a market cap of $13 billion, is one of the world's largest producers of paint, coatings and related products.