GWW looks interesting for a long trade, but would need to do more research of both fundamentals and technicals, before investing in company.
Things on chart:
1) Dividends checks, per history, are given every with three months, last one was 2/9/17. This month (soon) looks like a new one!!
2) Dividends are 1.22 per share of late
3) Big question is: why is GWW falling so fast, since February?
4) Price Action is making a double bottom (look left)
5) RSI (momentum indicator on bottom) is under 30, way oversold
Will be looking at day and hourly charts, to look for long option trading opportunities with this stock. Please, understand the reasons why things on any chart are not NORMAL, from price action. You do not want to jump into a call option or buy this stock, unless you are satisfied with your reasons WHY to do that.
Things on chart:
1) Dividends checks, per history, are given every with three months, last one was 2/9/17. This month (soon) looks like a new one!!
2) Dividends are 1.22 per share of late
3) Big question is: why is GWW falling so fast, since February?
4) Price Action is making a double bottom (look left)
5) RSI (momentum indicator on bottom) is under 30, way oversold
Will be looking at day and hourly charts, to look for long option trading opportunities with this stock. Please, understand the reasons why things on any chart are not NORMAL, from price action. You do not want to jump into a call option or buy this stock, unless you are satisfied with your reasons WHY to do that.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.