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

By David Diaz

Today, shares of Illinois Tool Works (NYSE:ITW) have advanced above their 10-day MA of $103.67 on a volume of 150K shares. This may provide swing traders with an opportunity 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 $106.19 and a 52-week low of $78.79 and are now trading 32% above that low price at $104.37 per share. Over the past week, 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 January 27th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $86.31. Since that recommendation, shares of Illinois Tool Works have risen 19.6%. 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