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Looking at Fixer-Upper Stocks

By The Chartman FOXBusiness

Friday had some fireworks, but for the most part it was a positive week.  Of course, all the market did was fill the gap it set in late July on the nasty gap down.  Once a gap is filled, though, the move generally resumes the prior trend.  In this case it’s “down,” but I’d stay in cash as the market has been very unpredictable.

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If your neighborhood is like mine, there’s a beehive of activity with home improvement.  I thought it’d be a good idea, then, to look at some “fixer-upper stocks.”

We’ll start with Toro (TTC), and here I think it’s a winner.

Sherwin-Williams (SHW) exhibits the same “gap-filling” as the market, only this time in reverse.  Individual stocks are a little easier to figure though, so we could count on the resumption of the uptrend.  I think that trend continues for SHW

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I’m off next week on vacation.  Back to celebrate the end of August in two weeks.

What do you think?

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