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 ?
The impressive new cement line will rise in a 42-hectare property located in Solid Cement Plant's complex in Antipolo City, Rizal.
According to the notice, the court has approved Maple Leaf's Environment Impact Assessment (EIA) for its 2.2-million-ton-per-annum Brownfield cement line.
Danish cement and minerals technology supplier FLSmidth & Co A/S (OMX Copenhagen:FLS) said on Tuesday (23 September) that it has won a DKK225m order in India for a cement line.
The order, awarded by Natal Portland Cement Company Pty, covers the supply of a complete cement line for the Simuma cement plant in the Kwa-Zulu Natal region.
The contract covers the supply of a cement line for Maple Leaf Cement Ltd, a subsidiary of Kohinoor Maple Leaf Group.
The contract, valued at EUR15m, covered all the major automation and electrical equipment for a new cement line to be built in Hama in central Syria.