Sherwin-Williams saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 66 to 71.
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This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Decades of market research shows that the market's biggest winners tend to have an RS Rating of above 80 in the early stages of their moves. See if Sherwin-Williams can continue to show renewed price strength and hit that benchmark.
Sherwin-Williams is trying to complete a double bottom with a 370.00 buy point. See if it can clear the breakout price in volume at least 40% above average.
The company showed 4% EPS growth in the latest quarterly report, while sales growth came in at -1%.
Sherwin-Williams earns the No. 1 rank among its peers in the Chemicals-Paints industry group. Axalta Coating Systems and RPM International are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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