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Shares of Illinois Tool Wo Has Fallen Below Previous 52-Week Low

By Nick Russo

Shares of Illinois Tool Wo (NYSE:ITW) traded today at $131.91, breaking its 52-week low. This new low was reached on below average trading volume as 246,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.

In the past 52 weeks, Illinois Tool Wo share prices have been bracketed by a current low of $131.91 and a high of $179.07 and are now at $132.18. The 200-day and 50-day moving averages have moved 0.31% lower and 0.18% lower over the past week, respectively.

Illinois Tool Works Inc. designs and manufactures fasteners, components, equipment, consumable systems, and a variety of specialty products and equipment. The Company's products include industrial fluids and adhesives, tooling for specialty applications, welding products, and quality measurement equipment and systems. Illinois Tool Works operates worldwide.

There is potential upside of 28.4% for shares of Illinois Tool Wo based on a current price of $132.18 and an average consensus analyst price target of $169.73. The stock should find initial resistance at its 50-day moving average (MA) of $140.67 and further resistance at its 200-day MA of $151.37.

SmarTrend is monitoring the recent change of momentum in Illinois Tool Wo. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Illinois Tool Wo in search of a potential trend change.

Keywords: 52 week high/lows illinois tool wo

Ticker(s): ITW