Sherwin-Williams (SHW) stock had a strong performance in November, closing at $268.67 and rising a whopping 9.7%. SHW outperformed its peer PPG Industries (PPG) and the broader market representative, the SPDR S&P 500 ETF (SPY). They rose 3.0% and 3.7%, respectively, in November.
In spite of rising 9.7% for the month, Sherwin-Williams stock traded 3.4% below its 100-day moving average of $278.25. The 14-day relative strength index (or RSI) indicates that the stock is neither overbought nor oversold. An RSI score of 70 indicates that a stock has moved temporarily into an overbought situation. An RSI score below 30 indicates that a stock has moved temporarily into an oversold situation.
As of November 30, 2016, Sherwin-Williams was trading ~14.4% above its 52-week low of $234.96 and ~14.0% below its 52-week high of $312.48. Sherwin-Williams stock has risen ~8.5% since the release of its 3Q16 results on October 25, 2016.
On a year-to-date basis, Sherwin-Williams rose ~3.5% for the month ended November 30, 2016. Peers such as RPM International (RPM) and Valspar (VAL), which is expected to be acquired by Sherwin-Williams, rose 20.1% and 23.1% respectively. Sherwin-Williams’s major competitor, PPG Industries (PPG), fell 2.9% in the same period.
In this series, we’ll look at Sherwin-Williams’s key business developments and other updates that occurred in November. We’ll also see analysts’ latest recommendations and the company’s latest valuations.
You can invest in Sherwin-Williams indirectly by investing in the iShares Edge MSCI Multifactor Materials (MATF).
In the next part, we’ll look at Sherwin-Williams’s latest business updates for November.