GGG trade ideas
$GGG #Breakout SetupAnother stock with strong close on Friday. This one I bought on Wed 12/09 right before the close.
Reason:
While the market was selling of Wed, $GGG close positive for the day on higher than average volume. Impressive relative strength in a constructive consolidation base. Looking for the stock to breakout this week (but nothing is guaranteed).
GRACO PictureHey traders, GRACO is at a very important moment in its history we can witness a new historical high. GRACO is in a fake bearish push with a large volume of sales executed, it will break its trend support to go on the back of the last previous lower and then turn around.
Strong potential to breakout the stabilization zone to join the new zone and seek a new high.
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Graco, Inc Bullish Reversal Company profile
Graco, Inc. is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies, Industrial Products and Process divisions. It markets equipment and pre-engineered packages for moving and applying paints, coatings, sealants, adhesives and other fluids. The Process segment markets pumps, valves, meters and accessories to move and dispense chemicals, oil & natural gas, water, wastewater, petroleum, food, lubricants and other fluids. The Contractor segment equipment includes sprayers that apply texture to walls and ceilings, highly viscous coatings to roofs and markings on roads, parking lots, athletic fields and floors. Graco was founded by Russell Gray and Leil Gray in April 1926 and is headquartered in Minneapolis, MN.