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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
Thu, 15 Jun 2017Bullish EngulfingHanging ManMon, 12 Jun 20172.41%
***Stock database and scans are updated around midnight (New York time) every trading day.
145.78 0.00 (0%) Jun 23 4:04pm EDT
Open: 146.27 Range: 145.62 - 146.58 Vol: 1.34M Avg Vol: 1.29M
EPS: 5.95 P/E ratio: 24.97 EBITDA: 3.62B Mkt Cap: 51.34B
Analyze "ITW" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 117.94
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 134.20
Last Trade is above the 50 day moving average at 134.78
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 126.54
* 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 99% of the time with an average daily volume of 1.3M shares being traded. In the medium term, the 50 day moving average, currently at 134.78 for ITW is also very bullish, indicating good swing trading opportunities for longs. This bullish stance is further reinforced by ITW's ability to stay over the 20 day moving average for more than 82.5% of the time in the last 2 months of trading. There is however a possibility of profit taking setting in and it may be prudent to lighten up on strength and re-enter during a retracement. Good places to re-enter ITW are at the 50 and 200 SMAs currently at 134.78 and 126.54 respectively. 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 $147.78* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 15 Jun 2017
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