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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.
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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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in classic literature ?
"It is clear from the text that there were two [caves] not one, but some one has enclosed in brackets the two lines in which the second cave is mentioned, I presume because he found himself puzzled by having a second cave sprung upon him when up to this point he had only been told of one.
{171} The interpretation of lines 126-143 is most dubious, and at best we are in a region of melodrama: cf., however, i.425, etc.
{175} From lines 333 and 341 of this book, and lines 145 and 146 of bk.
We watched our chance, and the next low-water slack, after Big Alec had removed the fish from the line and returned ashore, we went out in the salmon boat.
Together we hove up the rope till the anchor I came in sight with the sturgeon line caught across one of the flukes.
I thought so, too, and said we didn't want the line anyway.
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.
(To the Boy:) Tell me, boy, do you assert that a double space comes from a double line? Remember that I am not speaking of an oblong, but of a figure equal every way, and twice the size of this--that is to say of eight feet; and I want to know whether you still say that a double square comes from double line?
SOCRATES: But does not this line become doubled if we add another such line here?
Some officer he had known in London, doubtless, he surmised, and went his way through the British camp and the British lines all unknown to the watchful sentinels of the out-guard.
While in the German camp in the Pare Mountains, which lie just east of the boundary line between German and British East Africa, Tarzan had overheard enough to suggest that the British were getting the worst of the fighting in Africa.