On a 4 day uptrend, Yesterday's session put the brakes on the ongoing uptrend — after ending Friday at $695.57, W. W. Grainger went up to $703.87 only to drop back to its starting point and close at $695.96.

Uncertainty around W. W. Grainger is reflected by published market data as United States ISM Manufacturing PMI (Apr) released yesterday at 14:00 UTC with a figure of 47.1, while the previous figure was 46.3. United States ISM Manufacturing Prices (Apr) came out at 53.2, while a consensus of analysts was expecting 49. United States ISM Manufacturing Employment (Apr) released yesterday at 14:00 UTC with a figure of 50.2, while the previous figure was 46.9.

Trend-focused traders would be interested to note that investors are seeking long positions as W W Grainger Inc price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that W. W. Grainger's upper Bollinger Band® is at $700.83, suggesting that a downward move may follow. Chart analysis indicates W. W. Grainger is approaching key support, around $3.06 away from $692.9. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Notwithstanding W. W. Grainger's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Meanwhile, mixed performances were seen by other industrials stocks as General Electric traded at $101.18 after closing yesterday's trading day at $98.97 (up 2.23%). United Parcel Service traded at $182.2 after closing yesterday's trading day at $179.81 (up 1.33%).

Data to be released today might clear up some of the market fog as United States Crude Oil Inventories is projected to outperform its last figure with -1,000,000. It previously stood at -5 million; data will be released tomorrow at 14:30 UTC. United States Interest Rate is expected tomorrow at 18:00 UTC. United States ADP Nonfarm Employment Change (Apr) will be released tomorrow at 12:15 UTC.

This year has been a bright one for the industrial supplier after trading as low as $442.09 and going on to appreciate by 25.21% year to date.