Illinois Tool Works (ITW) Shares are Up 1.72%

Illinois Tool Works (ITW) has been under a strong bear grip, hence the stock is down -0.52% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.56% in the past 1 week. The stock has risen by 1.72% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.06% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.8% and the 50-Day Moving Average is 2.2%.The 200 Day SMA reached 16.64%


Illinois Tool Works (NYSE:ITW): After opening at $119.83, the stock dipped to an intraday low of $119.28 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $120.74 and the buying power remained strong till the end. The stock closed at $119.84 for the day, a gain of 0.67% for the day session. The total traded volume was 1,962,318. The stocks close on the previous trading day was $119.84.

Illinois Tool Works (ITW) : 10 Wall Street analysts covering Illinois Tool Works (ITW) believe that the average level the stock could reach for the short term is $116. The maximum price target given is $132 and the minimum target for short term is around $104, hence the standard deviation is calculated at $9.03.

Illinois Tool Works Inc. (ITW) is a manufacturer of a range of industrial products and equipment. The Companys operates in seven segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. These operations serve end markets as automotive original equipment manufacturers/tiers, automotive aftermarket, general industrial, commercial food equipment and construction. It produces components and fasteners for automotive-related applications; equipment, consumables and related software; commercial food equipment, adhesives, sealants, lubrication and cutting fluids; arc welding equipment, consumables and accessories; construction fastening systems and truss products, and beverage packaging equipment and consumables. The Company operates approximately 90 divisions in 57 countries.

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