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SmarTrend Watching for Potential Pullback in Shares of Illinois Tool Wo After 5.06% Gain

By David Diaz

Illinois Tool Wo (NYSE:ITW) traded in a range yesterday that spanned from a low of $151.99 to a high of $158.02. Yesterday, the shares gained 5.1%, which took the trading range above the 3-day high of $150.50 on volume of 695,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Illinois Tool Wo share prices have moved between a 52-week high of $161.71 and a 52-week low of $117.75 and are now trading 34% above that low price at $157.49 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.4%.

Keywords: rebounders illinois tool wo

Ticker(s): ITW