The PEAD projected a Bullish outlook for $ITW after a Positive under reaction following its earnings release placing the stock in drift A If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Type 2 entry on ITW 15 mins. T1: 219.29
Attention is shifting toward industrials as technology and the Nasdaq struggle. Two companies in the space have potentially bullish patterns: Illinois Tool Works and Stanley Black & Decker . ITW is the larger company with a market cap of about $68 billion. It broke out to new all-time highs in August and consolidated for the next seven months. Now the bulls may...
Illinois Tools Works in a strong bullish trend. However we may see some correction first, and jump again. Looks like a good "Buy in Dip - Swing Play Stock"
Hey guys, ILLINOIS TOOL WORKS is in a very interesting moment, breaking of the support of the stabilization zone. we can wait for a breakout this one to join the one above. Please LIKE & FOLLOW, thank you
====Entry level $161 - Target price $177==== Illinois Tool Works, Inc. manufactures industrial products and equipment. It operates through the following segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products, and Specialty Products. The Automotive OEM segment produces components and...
Daily Chart RSI <5 S/R at approx 145/144 Level. With multiple Price Action touch points previously Also close to MA200 Looking for Reversal to mean higher. Taking 145/144 Put Credit Spread. Also picked up 146 Call for Directional Bias Higher. Sept Exp . Good Luck - Watch your $$$ RISK
ITW is looking like a roundup pattern is forming back to it's prior resistance that it recently failed to break. If it can reach that resistance again, it will have formed a cup and handle pattern as well with momentum to breakout to $165 level where it will reached another set of resistance. Alot of buyers came back into the stock after it was sold off after...
Could be a range expansion, but pay close attention to ER on Fri. Still need the volume confirmation for inverse HS- if it breaks out as inverse HS expected target 181 Undervalued by 24% using YDT method. 10% under 5 Yr PE 5 Yr consecutive div growth; current yield 2.63%
On this weekly chart you can see both a double bottom and a longer term cup with handle. I plan on entering this trade on any further move up in the days ahead. My first target is around around resistance at $158 and if it break thru that level I can see $170. Feedback is always welcome. I publish my own trade ideas which help me to be accountable to myself....
$ITW Illinois Tool big weekly breakout last week, margin leader
ITW is approaching our first resistance at 140.10 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a reversal could occur. Stochastic is approaching resistance as well where we might see a drop in price as it reacts off this level.
As long as 134 neckline breakdown holds, short and hold to TP ~ 94. P/L=30%