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 ?
{81} This line is enclosed in brackets in the received text, and is omitted (with note) by Messrs.
{82} This line exists in the text here but not in the corresponding passage xii.
"Big Alec has a Chinese line out in the bight off Turner's Shipyard," Charley Le Grant said that afternoon to Carmintel.
Slack water had come, and as we dropped around the end of the Solano Wharf we saw Big Alec at work, running his line and removing the fish.
Some slight advantage of ground has enabled him to overlook a part of the line. If he were here, he could tell us in words.
Flag after flag of ours emerges from the wood, line after line sweeps forth, catching the sunlight on its burnished arms.
They get the line round their legs, and have to sit down on the path and undo each other, and then they twist it round their necks, and are nearly strangled.
George got the line right after a while, and towed us steadily on to Penton Hook.
SOCRATES: But does not this line become doubled if we add another such line here?
Through the wreck of battle the division moved, inch by inch, in the direction of the enemy, who had withdrawn a little to reform his lines. But for the lightning the darkness was absolute.
Headquarters of the Second Rhodesians occupied a sheltered position far enough back of the lines to be comparatively safe from enemy observation.
After passing a chasseur regiment and in the lines of the Kiev grenadiers- fine fellows busy with similar peaceful affairs- near the shelter of the regimental commander, higher than and different from the others, Prince Andrew came out in front of a platoon of grenadiers before whom lay a naked man.