Illinois Tool Works (ITW) : Traders are bullish on Illinois Tool Works (ITW) as it has outperformed the S&P 500 by a wide margin of 3.8% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.74%, 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 1.25% in the last 1 week, and is up 3.66% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.76% and the 50-Day Moving Average is 6.7%.The 200 Day SMA reached 20.22%. Illinois Tool Works Inc. is up 13.03% in the last 3-month period. Year-to-Date the stock performance stands at 32.14%.
Illinois Tool Works (NYSE:ITW): After opening at $123.5, the stock dipped to an intraday low of $119.95 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $123.5 and the buying power remained strong till the end. The stock closed at $121.12 for the day, a gain of 1.24% for the day session. The total traded volume was 1,519,351. The stocks close on the previous trading day was $119.64.
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.