Grainger (GWW) Offering Possible 22.7% Return Over the Next 37 Calendar Days

Grainger's most recent trend suggests a bullish bias. One trading opportunity on Grainger is a Bull Put Spread using a strike $390.00 short put and a strike $370.00 long put offers a potential 22.7% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $390.00 by expiration. The full premium credit of $3.70 would be kept by the premium seller. The risk of $16.30 would be incurred if the stock dropped below the $370.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Grainger is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Grainger is bullish.

The RSI indicator is at 57.62 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Grainger

Grainger (GWW) Bets on E-Commerce Demand Amid High Costs
Mon, 12 Apr 2021 12:48:12 +0000
W.W. Grainger (GWW) is outpacing the U.S. maintenance, repair and operating market aided by its growth initiatives. Increased e-commerce sales will also continue to drive the top line.

Grainger Announces Julie Myerholtz as Vice President and Chief Information Security Officer
Mon, 08 Mar 2021 13:00:00 +0000
Grainger (NYSE: GWW), the leading broad line supplier of maintenance, repair and operating (MRO) products serving businesses and institutions, today announced that Julie Myerholtz joined the company as Vice President, Chief Information Security Officer (CISO). In this role, she is responsible for the company's cybersecurity vision and strategy, and collaborating with customers, suppliers, Grainger leadership and the board of directors on information security-related matters.

Here's Why You Should Hold On to Grainger (GWW) Stock For Now
Fri, 05 Mar 2021 18:13:06 +0000
Grainger (GWW) is worth retaining in the portfolio at the moment, backed by stellar e-commerce sales and positive earnings growth estimates.

Why Is W.W. Grainger (GWW) Up 1.9% Since Last Earnings Report?
Fri, 05 Mar 2021 16:30:04 +0000
W.W. Grainger (GWW) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Thirteen Directors Slated For Grainger's Board To Be Voted On At The Company's Annual Meeting On April 28, 2021
Wed, 17 Feb 2021 22:22:00 +0000
W.W. Grainger, Inc., (NYSE: GWW) today announced that the Board of Directors has selected a slate of nominees to serve for the 2021-2022 period. The 13 candidates, 12 current Board members and one new nominee, to be voted on at the 2021 annual meeting of shareholders are:

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