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 ?
Coach Chris Stephens showed why he was once capped by Wales with an imperious display in the line outs and leading by example in the loose, although Keys had fine forwards in their captain Ben Watkins, Lloyd Burns and James Malpas.
They fluffed their lines and line outs so badly against Scotland two weekends ago that head coach Gareth Jenkins and captain Stephen Jones were hit by a torrent of criticism.
Rod Newsham, brought in to replace Paul White at lock, dominated the line outs while young Neil Hunter impressed at fly half, kicking accurately and also saving a certain try midway through the second half.