Ww Grainger $GWW Technical Update – Stock Traders Daily

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W.w. Grainger $GWW Technical Update

The W.w. Grainger (NYSE: GWW) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for GWW, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Weak Strong Neutral
P1 349.46 340.70 327.85
P2 355.18 366.01 353.62
P3 361.81 390.50 380.53

Long Term Trading Plans for GWW

September 5, 2018, 3:15 pm ET

The Technical Summary and Trading Plans for GWW help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this GWW Report.

GWW – (Long) Support Plan

Buy over 353.62 target 380.53 stop loss @ 353.36.
The technical summary data tells us to buy GWW near 353.62 with an upside target of 380.53. This data also tells us to set a stop loss @ 353.36 to protect against excessive loss in case the stock begins to move against the trade. 353.62 is the first level of support below 358.59 , and by rule, any test of support is a buy signal. In this case, support 353.62 is being tested, a buy signal would exist.

GWW – (Short) Resistance Plan

Short under 380.53 target 353.62 stop loss @ 380.79
The technical summary data is suggesting a short of GWW as it gets near 380.53 with a downside target of 353.62. We should have a stop loss in place at 380.79 though. 380.53 is the first level of resistance above 358.59, and by rule, any test of resistance is a short signal. In this case, if resistance 380.53 is being tested, a short signal would exist.

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