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Illinois Tool Works Crosses Above its 10-day MA (ITW)

By Nick Russo

Today, shares of Illinois Tool Works (NYSE:ITW) have advanced above their 10-day MA of $131.56 on a volume of 329K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Illinois Tool Works share prices have moved between a 52-week high of $136.03 and a 52-week low of $78.79 and are now trading 68% above that low price at $132.09 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Illinois Tool Works on November 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $116.15. Since that recommendation, shares of Illinois Tool Works have risen 13.1%. We continue to monitor ITW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Illinois Tool Works

Ticker(s): ITW