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Bearish Moving Average Cross by Illinois Tool Wo (ITW)

By David Diaz

Today, shares of Illinois Tool Wo (NYSE:ITW) have crossed bearishly below their 10-day moving average of $150.18 on a volume of 196K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Illinois Tool Wo has traded in a range of $117.75 to $160.78 and is now at $149.53, 27% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.3%.

SmarTrend is tracking the current trend status for Illinois Tool Wo and will alert subscribers who have ITW in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses illinois tool wo

Ticker(s): ITW