GWW closed right in between 20 and 50 SMA on the daily chart.
They will report earnings next week, and they just come out of a pretty bad downtrend due to the lack of results on the last call.
I would be cautious about this one.
Trade with confidence.
GWW looks very good long setup as it forms perfect fallen angel formation with Moneyflow divergence. Moneyflow also rising steadily & recently turned to positive.
We think it has good upside potential.
* Trade Criteria *
Date First Found- July 5, 2017
Pattern/Why- Fallen angel formation
Entry Target Criteria- Break of $185.73
Exit Target Criteria-...
GWW looks interesting for a long trade, but would need to do more research of both fundamentals and technicals, before investing in company.
Things on chart:
1) Dividends checks, per history, are given every with three months, last one was 2/9/17. This month (soon) looks like a new one!!
2) Dividends are 1.22 per share of late
3) Big question is: why is GWW...
GWW Monthly basis is in overall resistance. Head and shoulders forming construction of right shoulder. BARR formation blended with descending contracting wedge rejecting supply line of wedge. <50SMA kiss/rejection has only closed below in the dot com bubble and 2008.
stockboardasset.com
If it does not hold for the week $190 next support which itself is minor compared 190 which seems being violated is $172. Real-time alerts www.2waytrading.com
the price is out of bands
the volume does not accompany the rise in prices
there is divergence on the RSI
bearish pattern with engulfing candle
To open the next day, the opening price or better. The calculations are applied to the opening price. If you enter to best price, best for you, you will have a greater objective and less loss
opening price calculation:
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