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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
Wed, 11 Oct 2017NoneDojiFri, 22 Sep 20172.51%
***Stock database and scans are updated around midnight (New York time) every trading day.
153.41 0.00 (0%) Oct 16 4:02pm EDT
Open: 153.47 Range: 153.02 - 153.80 Vol: 535.76K Avg Vol: 1.14M
EPS: 6.18 P/E ratio: 24.50 EBITDA: 3.70B Mkt Cap: 52.12B
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 151.51
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 148.64
Last Trade is above the 50 day moving average at 142.71
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 137.32
* 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 1.1M shares being traded. The 50 day moving average, currently at 142.71, 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, although in a trading range, generally confirms this view as the underlying strength in ITW still has a bullish bias with price maintaining above the 20 SMA for 62.5% of the time in the last two months of trading. Traders who are thinking of going long ITW shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 142.71 and 137.32 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 $152.53* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 11 Oct 2017
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