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GGG - Support of a long-term trendline
Casey Murphy - February 8, 2007


Graco Inc- GGG

February 7, 2007

Last Trade

$41.70

Volume

308,500

52-Week High

$50.00

52-Week Low

$36.91

Commentary:
For today's chart we've chosen to take a look at GGG because it is nearing the support of a long-term trendline. Many traders will pay close attention to this trendline because a move below it would be a technical indication of a reversal in the long-term uptrend. We'll keep a bullish outlook on this stock until we see the bears send it below the trendline, which is currently near $40.

 



Happy Trading,
Casey Murphy,
Senior Analyst, ChartAdvisor


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