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Illinois Tool Wo Bearish Moving Average Crossover Alert (ITW)

By Shiri Gupta

Today, shares of Illinois Tool Wo (NYSE:ITW) have fallen below their 10-day MA of $151.30 on a volume of 163K 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.

In the past 52 weeks, shares of Illinois Tool Wo have traded between a low of $117.75 and a high of $158.69 and are now at $150.55, which is 28% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 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