GWW rises to highest close since Inception
W.W. Grainger Inc. (GWW) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
Moving higher for the 3rd day in a row, GWW ended Thursday at 306.80 edging higher $0.43 (0.14%). Today's closing price of 306.80 marks the highest close since Inception. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session.
Daily Candlestick Chart (GWW as at May 17, 2018):
Thursday's trading range was $4.65 (1.53%), that's below last trading month's daily average range of $7.92. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
Prices are trading close to a key support level at 302.81. Prices are trading close to the key resistance level at 309.80.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
With prices trading close to this year's high at 309.80, upside momentum might speed up should the share be able to break out to new highs for the year.