For those who get it done,
The recent downtrend may be a result of erosion in other hardware manufacturers or simply profit taking but I don't see Grainger going anywhere. This is a great gap of liquidity that was waiting to go long and I will be seeing a bounce in the next week.
From what I understand their ordering platform is great and unrivaled that of their...
The PEAD projected a bullish outlook for $GWW after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
Cooked W before the descent Down,
This has been a long and profitable trend up. Should you let go>???
Some would ride it looking for new high. Some would not
Others may admit the trend has gray hair by now!
Always Be safe and never lose your shadow.
Has met T1.
N recommendation
The PEAD projected a Bullish outlook for $GWW after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
I'll do my best to leave the politics out of this.
Mass shootings are in the spotlight again, and it would be obvious in hindsight to see a boost in demand and sales for security systems such as metal detectors.
NYSE:GWW , who just teamed up with The Mom Project, had $13 billion in sales in 2021 and is a leading distributor with operations in North America,...
The PEAD projected a Bullish outlook for $GWW after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.
I also sold $GWW almost at the high on Thursday when it tested its previous ATHs.
Volume pattern still looks strong. One to keep an eye on how it unfolds in coming days.
Potential 2Down 2Up Weekly Reversal For GWW : Per the Strat, this week I'm watching ticker GWW (W.W. Grainger Inc) for a weekly entry trigger at 406.74 (last weeks high). If that trigger is met, I'll look for it to reach a magnitude of 417.79 (week before last weeks high). If it can reach magnitude, then it could also continue up to previous highs. Just look out...
Looks like the highest Volume since Oct/ has been at 405 keeping a strong support line, secondary support at 399. Bull Flag leading up to earnings. I also have an hourly flag that shows a possible breakout could happen before earnings. Looking for entry around 405. NYSE:GWW
GWW was trading at an average P/E ratio of 20-21 between in the last three years. Extremely high EPS of $15.46 in 2019 were the reason for a relatively low P/E ratio (around 19). Now, it is dangerous to determine the forward-looking P/E using the EPS of the FY 2019. Rather, should be estimated by how much the lockdown will influence the EPS of the FY 2020....
