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Charting Zacks Elite Stocks

Michael Vodicka

Both of these stocks recently gapped open higher and have continued to advance since.

SMG SHW

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Sherwin Williams Co. (SHW - Analyst Report) recently hit a new 52-week high at $67.16 after jumping above some short-term resistance at $66. Shares of SHW have been gaining since late January after gapping open higher on a 34% Q4 earnings surprise. The short-term trend is more bullish than the longer-term trend, as you can see below. The stochastic below the chart, an overbought/oversold indicator, is trading in netruel territory, take a look below.

Scotts Miracle Gro Co. (SMG - Snapshot Report) has been surging in the up market as some "seasonality" works its way into shares, recently hitting a new 52-week high at $46.65. SMG is up more than 24% in the last month after bottoming out just above $37 in late February. The MACD below the chart, an indicator of strength or weakness, is bullish, with the short-term moving average trading ahead of the long-term moving average. Take a look below.