Trading (GWW) With Integrated Risk Controls

October 08, 2024, 08:40 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GWW

• Buy GWW near 1021.45 target 1093.88 stop loss @ 1018.5 Details

The technical summary data tells us to buy GWW near 1021.45 with an upside target of 1093.88. This data also tells us to set a stop loss @ 1018.5 to protect against excessive loss in case the stock begins to move against the trade. 1021.45 is the first level of support below 1022.84 , and by rule, any test of support is a buy signal. In this case, support 1021.45 is being tested, a buy signal would exist.

• Short GWW slightly under 1093.88, target 1021.45, stop loss @ 1097.04 Details

The technical summary data is suggesting a short of GWW as it gets near 1093.88 with a downside target of 1021.45. We should have a stop loss in place at 1097.04though. 1093.88 is the first level of resistance above 1022.84, and by rule, any test of resistance is a short signal. In this case, if resistance 1093.88 is being tested, a short signal would exist.

Swing Trading Plans for GWW

• Buy GWW slightly over 1036.58, target 1093.88, Stop Loss @ 1033.59 Details

If 1036.58 begins to break higher, the technical summary data tells us to buy GWW just slightly over 1036.58, with an upside target of 1093.88. The data also tells us to set a stop loss @ 1033.59 in case the stock turns against the trade. 1036.58 is the first level of resistance above 1022.84, and by rule, any break above resistance is a buy signal. In this case, 1036.58, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GWW slightly near 1036.58, target 1022.49, Stop Loss @ 1039.57. Details

The technical summary data is suggesting a short of GWW if it tests 1036.58 with a downside target of 1022.49. We should have a stop loss in place at 1039.57 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 1036.58, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for GWW

• Buy GWW slightly over 1026.39, target 1036.58, Stop Loss @ 1024 Details

If 1026.39 begins to break higher, the technical summary data tells us to buy GWW just slightly over 1026.39, with an upside target of 1036.58. The data also tells us to set a stop loss @ 1024 in case the stock turns against the trade. 1026.39 is the first level of resistance above 1022.84, and by rule, any break above resistance is a buy signal. In this case, 1026.39, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GWW slightly near 1026.39, target 1022.49, Stop Loss @ 1028.78. Details

The technical summary data is suggesting a short of GWW if it tests 1026.39 with a downside target of 1022.49. We should have a stop loss in place at 1028.78 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 1026.39, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for W.w. Grainger Inc. (GWW) available here: GWW.

GWW Ratings for October 08:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	948.99
P2	1017.48	1022.49	1021.45
P3	1026.39	1036.58	1093.88

AI Generated Signals for GWW

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