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Recent 52-Week Low Surpassed in Shares of WW Grainger (GWW)

By David Diaz

WW Grainger (NYSE:GWW) traded today at a new 52-week low of $168.58. Approximately 202,000 shares have changed hands today, as compared to an average 30-day volume of 599,000 shares.

W.W. Grainger, Inc. distributes maintenance, repair and operating supplies, and related information to the commercial, industrial, contractor, and institutional markets in North America. The Company's products include motors, HVAC equipment, lighting, hand and power tools, pumps, and electrical equipment.

In the past 52 weeks, shares of WW Grainger have traded between the current low of $168.58 and a high of $262.71 and are now at $170.84. The 200-day and 50-day moving averages have moved 0% lower and 0.50% higher over the past week, respectively.

WW Grainger has overhead space with shares priced $170.84, or 30.2% below the average consensus analyst price target of $244.79. The stock should run into initial resistance at its 200-day moving average (MA) of $214.11 and subsequent resistance at its 50-day MA of $227.98.

SmarTrend recommended that its subscribers protect gains by selling shares of WW Grainger on March 20th, 2017 by issuing a Downtrend alert when the shares were trading at $242.63. Since that call, shares of WW Grainger have fallen 28.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows WW Grainger

Ticker(s): GWW