Currently, GWW stock (W.W. Grainger, Inc) in the 1D, week and monthly chart is peaking at $ 699.65. In all 3 large -time frames of months, weeks and days, GWW stock price are showing a strong price increase. Especially, the GWW stock price on the day chart has just made a breakthrough when creating a new price background in $ 650 – $ 680. We find that the price can continue to increase sharply in a short time. However, at this stage, investors should pay close attention because the price may shake strongly due to the profitability of many investors who have bought in the low-price area. Therefore, the price of GWW shares can drop sharply at any time when whales make large transactions.
Trading ideas: For investors who have bought GWW stocks in the low price area, partly profit should be closed, and move the stop loss point to the position of $ 650. For scapling trader can buy GWW stock at the current price, the point of a stop loss when the price is closed below $ 645. Full profit in the $ 800 – $ 812 price area. However, you need to manage your account risk. We recommend that you open a small position because the price is in a high risk area. GWW shares can enter the distribution phase very quickly.
