Illinois Tool Works (ITW) NewsBite - ITW Could Be On the Move
Posted: Tuesday, February 09, 2010 10:41 AM EDT
By: Market Intelligence Center Staff
Illinois Tool Works (ITW) could be on the move today and is now at $43.34, up $1.09 (2.58%) on volume of 404,943 shares traded. Over the last 52 weeks the stock has ranged from a low of $25.60 to a high of $51.16. Illinois Tool Works stock has been showing support around $41.72 and resistance in the $43.30 range. Technical indicators for the stock are bullish and S&P gives ITW a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on ITW the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Illinois Tool Works (ITW) Stock ReportSee what our analysts have uncovered about Illinois Tool Works (ITW).