Sherwin-Williams had its Relative Strength (RS) Rating upgraded from 69 to 73 Wednesday -- a welcome improvement, but still short of the 80 or better score you look for.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best-performing stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Sherwin-Williams can continue to show renewed price strength and hit that benchmark.
Looking For Winning Stocks? Try This Simple Routine
Sherwin-Williams is building the right side of a saucer without handle with a 265.64 buy point. While working on this, the volume has generally eased. Now let's see if it can break out in volume at least 40% above average.
Sherwin-Williams reported 27% earnings growth last quarter, while sales growth came in at 9%.
The company holds the No. 1 rank among its peers in the Chemicals-Paints industry group.
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