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 ?
Prior to that, FLSmidth has supplied three cement lines to PT Semen Tonasa.
A white cement line with a capacity of 500,000 tons per year is also being considered it said, adding the joint venture had finalized a mining concession agreement with Libya's National Mining Company, which regulates the use of mineral resources in the country.
31 July 2009 - Sydbank analyst Jacob Pedersen confirmed his "overweight" rating on Danish FLSmidth & Co A/S (CPH: FLS) after the cement and minerals system provider announced two cement line orders in Indonesia in the last two days.
NORDIC BUSINESS REPORT-24 September 2008-FLSmidth & Co A/S wins DKK225m cement line contract in India(C)1994-2008 M2 COMMUNICATIONS LTD http://www.