Bearish Moving Average Cross by WW Grainger (GWW)
WW Grainger (NYSE:GWW) crossed under its 10-day moving average of $227.00 on a volume of 102K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, WW Grainger has traded in a range of $176.85 to $251.90 and is now at $226.89, 28% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.
SmarTrend is tracking the current trend status for WW Grainger and will alert subscribers who have GWW in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses WW Grainger