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 classic literature ?
These lines in the "Iliad" tell of the preparation for washing the body of Patroclus, and I am not pleased that the writer of the "Odyssey" should have adopted them here.
At last an exultant yell went along the quiver- ing line.
I have just come through the German lines and yours and passed through your camp," he replied.
The tide circled like a mill-race in and out of this bight, and made it possible to raise, lower, or set a Chinese line only at slack water.
At that instant a single rifle-shot was heard, away to the front, beyond the skirmish-line, followed, almost attended, by the savage hiss of an approaching bullet which passing through the line, struck audibly, punctuating as with a full stop the captain's exclamation, "What the devil does it mean?
The colors move slowly back, the lines face about and sullenly follow, bearing their wounded; the skirmishers return, gathering up the dead.
At times, too, Layamon has neither rhyme nor alliteration in his lines, sometimes he has both, so that his poem is a link between the old poetry and the new.
SOCRATES: And four such lines will make a space containing eight feet?
The modified offspring from the later and more highly improved branches in the lines of descent, will, it is probable, often take the place of, and so destroy, the earlier and less improved branches: this is represented in the diagram by some of the lower branches not reaching to the upper horizontal lines.
There can be no doubt that the land round the Bay of Concepcion was upraised two or three feet; but it deserves notice, that owing to the wave having obliterated the old lines of tidal action on the sloping sandy shores, I could discover no evidence of this fact, except in the united testimony of the inhabitants, that one little rocky shoal, now exposed, was formerly covered with water.
Such a rule of the two diameters not only guides us toward the sun in the system and the heart in man, but draws lines through the length and breadth of the aggregate of a man's particular daily behaviors and waves of life into his coves and inlets, and where they intersect will be the height or depth of his character.
When light altogether failed him, Martin would loaf about by the fires in the passages or hall, after the manner of Diggs, and try to do his verses or learn his lines by the firelight.