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June 25, 2023
Friday at a glance: the industrial supplier went up to $737.9, gaining 0.27%.
W W Grainger Inc made an initial breakout above its 5 day Simple Moving Average at $737, a potential indicator of a newly emerging bullish phase. In contrast, although W. W. Grainger is appreciating today after rising as high as $741.15, price action is now slowing and consolidating around $4.82 below the $742.72 resistance level.
Overall, looking at the technical analysis landscape, it seems W. W. Grainger might continue pointing upwards in the short term.
While W. W. Grainger was bullish Friday, the following industrials stocks underperformed: Deere & Company closed at $404.45 (down 2.7%). Union Pacific went down to $199.89, losing 1.71% after it closed at $203.37 Friday. United Parcel Service went down to $169.29, losing 1.22% after it closed at $171.38 Friday.
US-based industrial supply company W.W. Grainger, has managed to gain 32.85% so far this year despite trading at lows around $450.65 previously.
