(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) Paint manufacturer Sherwin-Williams (SHW) , until of late, has resisted the extreme selling pressures seen in homebuilders and related stocks such as Home Depot (HD) and Lowe’s (LOW) . But all good things come to an end and SHW now has taken on a rollover cast. As such, SHW qualifies, officially, as a “bullish-to-bearish” reversal sell. A completion of the topping-out formation implies a move to the $295+/- level, by our work. Sherwin has resisted (until of late) the severe selling pressure seen in the homebuilders and related stocks the past 3-4 months. Sherwin’s chart pattern suggests the stock is starting to succumb… SHW has bounced off the well-defined 18-month trendline perfectly and repeatedly … “to the penny”… “to the penny”… “to the penny.” And yet, here and now, our judgment is that SHW will break trend… DISCLOSURES: (None) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL’S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
