WW Grainger stock trades under the ticker GWW & has shown recent bullishness that traders & investors should research further into for when market volatility has cooled down.
GWW stock closed at $665.43/share on 4/19/2023
WW Grainger, Inc. GWW Stock’s Technical Performance Broken Down
GWW Stock Price: $665.43
10 Day Moving Average: $653.35
50 Day Moving Average: $669.75
200 Day Moving Average: $578.94
RSI: 51.61
MACD: -2.387
Yesterday, GWW stock completed a bullish MACD crossover, losing -0.14% on the day’s session.
Their RSI is neutral & recent trading volumes have been below average, signaling uncertainty as to where the market values their share price.
After a large gap up in February of 2023, they have begun a head & shoulders reversal, with back-to-back hanging man candlestick sessions, indicating that there is going to be a price correction & consolidation on the horizon.
Traders & investors should watch how they behave at support & resistance points in the coming weeks to see where they may be able to enter a position under more favorable, less volatile conditions.
GWW has support at the $653.35 (10 day moving average), $650.46, $649.20 & $625.97/share price level, with resistance at the $669.75 (50 day moving average), $683.44, $689.74 & $709.21/share price level.
WW Grainger, Inc. GWW Stock As A Long-Term Investment
Long-term oriented investors will like GWW stock’s 21.57 P/E (ttm), but may find their 13.36 P/B (mrq) to be a bit too high for their liking.
They recently reported 13.2% Quarterly Revenue Growth Y-o-Y, with 35.7% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough review, with $325M of Total Cash (mrq) & $2.74B of Total Debt (mrq).
GWW stock pays a 1.02% dividend, which appears to be sustainable in the long-run, as their payout ratio is 22.55%.
75.27% of GWW stock’s outstanding share float is owned by institutional investors.
WW Grainger, Inc. GWW Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to protect their portfolio from volatility, while profiting from price movements in GWW stock.
The $660, $650 & $630 call options are all in-the-money, listed from highest to lowest level of open interest.
The $670, $680 & $690 puts are also all in-the-money, with the former being more liquid than the latter strike prices.
Tying It All Together
GWW stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their sustainable dividend, as well as their recent growth metrics.
Traders will like their recent technical performance, but may be disappointed by how liquid their options are.
Overall, it is worth taking a closer look into how GWW stock fits into your portfolio strategy for when market volatility has subsided.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN GWW STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***