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Shares of WW Grainger Fall to a New 52-Week Low

By Amy Schwartz

Shares of WW Grainger (NYSE:GWW) traded at a new 52-week low today of $170.21. Approximately 259,000 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.

WW Grainger (NYSE:GWW) has potential upside of 42.5% based on a current price of $171.75 and analysts' consensus price target of $244.79. The stock should find initial resistance at its 200-day moving average (MA) of $214.11 and further resistance at its 50-day MA of $227.98.

Over the past year, WW Graingerhas traded in a range of $170.21 to $262.71 and are now at $171.75. 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 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 28.0%. 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