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Shares of ITW Up 13.0% Since Uptrend Call on Shares

By Nick Russo

SmarTrend identified an Uptrend for Illinois Tool Wo (NYSE:ITW) on October 16th, 2019 at $155.54. In approximately 3 weeks, Illinois Tool Wo has returned 13.00% as of today's recent price of $175.76.

Over the past year, Illinois Tool Wo has traded in a range of $117.75 to $179.29 and is now at $175.76, 49% above that low. The 200-day and 50-day moving averages have moved 0.58% higher and 1.59% higher 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.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Illinois Tool Wo shares.

Log in and add Illinois Tool Wo (ITW) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights illinois tool wo

Ticker(s): ITW