SHERWIN-WILLIAMS CORP
(SHW-NYSE):
Technical Viewpoint: From a low
of $23.50 on Feb 6, 2002 prices
rallied, reaching a
high of $29.65
on Mar 19, 2002. A
decline saw prices pull back, reaching a
low of
$27.25 on Mar 25, 2002.
Another rally saw prices penetrate
resistance, closing 4/11/02
at $30.78. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 4, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $28.50. Resistance: Is at $32.88.
Point & Figure: Reversed to the upside on Apr 9, 2002. A P&F upside
reversal takes place at $29.50. Summary: Technical indicators have turned bullish. BUY! SHERWIN-WILLIAMS CORP
(SHW-NYSE) @ $31.13 Stop: Use a protective stop of $28.88.
SHERWIN-WILLIAMS CORP is currently trading @ $30.78 plus $1.18 on Apr 11, 2002. Price Objective:
$40.00. Risk/Reward: $2.25 VS. $8.88. Today's Risk Reward Ratio: 4:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$40.00
Risk/Reward:
$2.25 VS. $8.88
Risk/Reward Ratio:
4:1
|