Sherwin-Williams saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 62 to 77.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matched up against all other stocks.
Decades of market research shows that the best stocks often have an RS Rating north of 80 as they begin their biggest runs. See if Sherwin-Williams can continue to show renewed price strength and hit that benchmark.
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Sherwin-Williams is trying to complete a consolidation with a 400.42 entry. See if the stock can break out in volume at least 40% above average.
Sherwin-Williams reported 15% earnings growth in the latest quarterly report, while sales growth came in at 1%. Look for the next report on or around Apr. 29.
The company earns the No. 1 rank among its peers in the Chemicals-Paints industry group. RPM International and Axalta Coating Systems 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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