line

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Line

1. In technical analysis, a situation in which the supply and demand for a security are largely the same. A line means that the security is unlikely to see any rapid fluctuation in price. It is called a line because, when plotted on a graph, it looks like a roughly horizontal line. Technical analysts look for signals that a line is ready to break one way or another before recommending that investors take a position on a security.

2. Informal; workers in a large, industrial company. They are called the line because, historically, they assembled the parts of a product while literally standing next to each other in a long line, also called an assembly line.

line

In technical analysis, a horizontal pattern on a price chart indicating a period during which supply and demand for a security are relatively equal. Technical analysts generally look for the price to break away from the line, at which time they are likely to take a position in the direction of the movement. See also making a line.
References in periodicals archive ?
1995b Population estimates and habitat preferences of orangutans based on line transects of nests.
Fresh tracks (left during the previous 24 hours) were recorded along the line transects laid out along forest roads passable by trackers in off-road vehicles (at least 50 km per 10,000 ha of forest) during 5 consecutive days.
We recorded 70 observations of Black-fronted Piping Guans across the 11 study sites from 2001 to 2007 during 2,246 km of line transects.
In addition to line transects, floristic inventories were conducted irregularly, but year-round in 2005 and 2006, to account for species that may have been overlooked because of seasonality.
Finally, the gap fraction and mean gap size might have been overestimated in this study due to the use of line transects, which are more likely to intersect larger gaps than small ones (Runkle 1992).
This study compared vegetation cover estimates determined with three to six 45 m line transects to estimates obtained from 30-100 to one hundred 4 m transects in the Tularosa Basin of south-central New Mexico during the first two weeks of June, 1995.
Fixed main effects were field border treatments (non-, narrow, and wide) with year as the repeated time effect, and line transects as the random subject effect.
Increase or decrease in number of individuals on line transects is shown in parenthesis.