Illinois Tool Works (ITW) Shares are Up 3.02%

Illinois Tool Works (ITW) : Traders are bullish on Illinois Tool Works (ITW) as it has outperformed the S&P 500 by a margin of 5.55% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.39%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.02% in the last 1 week, and is up 12.68% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Illinois Tool Works (NYSE:ITW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $114.03 and $113.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $114.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $114.58, notching a gain of 0.51% for the day. The total traded volume was 1,420,028 . The stock had closed at $114.00 on the previous day.


The stock has recorded a 20-day Moving Average of 6.98% and the 50-Day Moving Average is 8.22%. Illinois Tool Works Inc. is up 10.09% in the last 3-month period. Year-to-Date the stock performance stands at 25%.

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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