On September 27, 2017, we executed the following transaction(s):
- We bought WW Grainger (GWW)
This purchase is 3% of our portfolio. Our valuation model along with technical assessment of WW Grainger suggest an appropriate risk/reward profile for this transaction at its current level. Nothing is certain and could see a 20% downside from this level. From the technical picture, the stock has been making higher-high since reaching $160 level. Another bullish sign to look for would be when 50 day moving average cross 150 day moving average on the upside.