Valspar is based Minneapolis is the sixth largest paint and coatings company in the world employing over 9,500 people with a pedigree that stretches back to 1806. The company offers a plethora of products and brands that span dozens of applications in over 25 countries. Its products include the paint, varnish and stains referenced in a do-it-yourself hardwood store, but it also offers solutions for autos, boats, wood finishing, high performance floor coatings (hardwoods, stone, etc) and even coatings and inks for packaging of all types. Valspar is the number one global supplier of packaging coatings with the broadest product line in the industry.

The company is also well positioned in developing markets such as Asia, Latin America and the Middle East. In fact 46% of the company's sales are outside the U.S. and Canada.
Net sales for the year 2011 increased 22.5% to $3.95 billion. Net income for 2011 is negative due to an important impairment of goodwill and intangible assets of 409 million dollars.

Valspar has exceeded the S&P 500's performance in the past year by almost 22% and outpaced it by over 18.5% in the past 3 months during its recent rally which obviously confirms the strength has been recent. The stock remains in a bullish trend despite the 49.70 USD resistance which provoked a breathless on the movement. The stock will probably give another run-up to cross this level.
In this case investors could be confident on the stock and may take a long position with a target price 59 USD. A stop loss will avoid disappointment at 47.5 USD.