In a welcome move, Sherwin-Williams stock saw its Relative Strength Rating improve from 69 to 74 on Monday.
IBD's proprietary rating tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Sherwin-Williams stock can continue to show renewed price strength and hit that benchmark.
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Is Sherman-Williams Stock A Buy?
Sherwin-Williams is working on a consolidation with a 400.42 buy point. See if the stock can break out in volume at least 40% above average. However, this is not the time to buy stocks during a market correction, but build a watchlist of possible emerging leaders once the market trend turns around.
The paint company showed 15% earnings growth last quarter, while sales growth came in at 1%.
Sherwin-Williams stock holds 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.
