Buying Paint Cheap

*There is a triangle pattern in point and figure charting. When a stock’s chart is bullish and goes into a triangle it typically will break out to the upside. If the stock is bearish, it will break down. The triangle is an easy “charting” technique.

Here's a new stock recommendation, one that we will not be adding to our portfolio, but offering as a "roller" stock for those that want additional stocks to trade:

Sherwin Williams has taken a real hit with the slowdown in housing, but shown real resilience in bottom testing and looks ripe for upside. Most analysts see upside of 61.00 to 72.00, but risk traders may want to consider Sherwin's increasing market share, and that is value priced, spring loaded for an economic upturn. We'd set buys to take place during consolidation and we would buy it to $54.00, setting a stop loss by point and figure charging support lines of 52.00.