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SharePlanner (< 20)

One Stock Worth Watching: WW Grainger (GWW)

Recs

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September 25, 2012 – Comments (1) | RELATED TICKERS: GWW

I ran my stock screen for momentum stock plays and really nothing showed up, which is actually a good sign that this market is getting oversold here and the stocks are reflecting that. 

However there is one stock that stood out from the rest:  W.W. Grainger (GWW) which has the pefect box of consolidation working in its favor and if it breaks above $210.77 I would absolutely take a long position in it. You stop-loss should be placed at $199.95. 

Overall a very solid trade setup, and probably one of the best ones you'll find in this market. 

Here's the GWW trade setup

1 Comments – Post Your Own

#1) On September 25, 2012 at 8:31 PM, ryanalexanderson (< 20) wrote:

You mean "overbought", right?

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