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Illinois Tool Works Inc. (ITW) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Industrial Machinery/Components
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 18 Aug 2017NoneDojiTue, 15 Aug 2017-2.46%
***Stock database and scans are updated around midnight (New York time) every trading day.
135.67 0.00 (0%) Aug 18 4:02pm EDT
Open: 135.98 Range: 135.54 - 137.51 Vol: 1.12M Avg Vol: 1.23M
EPS: 6.18 P/E ratio: 21.95 EBITDA: 3.70B Mkt Cap: 46.69B
Analyze "ITW" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 138.01
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 140.08
Last Trade is below the 50 day moving average at 143.59
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 133.61
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of ITW

Stock Trend Analysis - Buy, Sell or Hold "Illinois Tool Works Inc." (ITW)?

ITW is in a very strong uptrend. In the last 52 weeks, ITW has been trading above the 200 day moving average for 100% of the time with an average daily volume of 1.2M shares being traded. The 50 day moving average, currently at 143.59, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. ITW was only able to maintain above the 20 SMA for 25% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. A good area for traders who are considering taking a long position in ITW is near the 200 SMA currently at 133.61. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "ITW".

The analyst consensus estimates for the 1 year price target for this stock is $151.93* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 18 Aug 2017
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