ITW is a large cap industrial. Shown here vs SYK (Stryker Medical Equipment), which is doing well. ITW just raised dividend from $0.78/qtr to $1.00/qtr up 23% and near a 3.0% yield. Love the giraffe neck and head pattern. It runs when it can.
Purchase of shares on a good rollback. It is expected to continue the upward movement of the shares following the market. Open 166.92 SL 163.44 TP 180.84 P/E 25.14 Forward P/E 20.38 Ratio of risk to profit 1: 4 Good Luck!
An intraday high potential, Back Tested Sort Analysis. We ll try to enter into the correction of the uptrend movement tracking ABC correction levels of Elliot wave. Price is likely to move within the parallel channel having the potential to breaking it down. ADX slopes down pointing a bearish decline. CCI diverges the price as shown in the chart. Market is...
Illinois Tool Works Inc has been trending up for more than two years. As the stock moves up, it naturally cycles up and down maintaining its upward bias. Some technical indicators are displaying major signals that the stock will soon drop. The relative strength index (RSI) is at a rarely observed extreme level; a combination of indicators also point out trouble on...
Looking at Illinois Tool Works which has come under some selling pressure as of late. I actually went long at 141.50 thinking i had seen a bottom formed. Started charting the recent fall and noticed this pattern. If one was to trade this pattern the entry would be at point D. The first target would be at point B and second target at C. R/R has been calculated and...
Bearish up-thrust with high volume, forming a shooting star candlestick pattern on 24th Apr 2017
$ITW has failed to break its 20 day SMA and resistance (old support). The price has also put in a bearish engulfing pattern followed by confirmation of that pattern today.
If ITW opens below 94.94 consider using the Gap N Go Strategy. To learn to trade for free go to www.RealLifeTrading.com
Friends This is a good buy, but ideally I want to see a gap open higher trade on Mondays trading session, which would then probably persuade me to go long. Probably a good buy here. Bullish kicker pushed price out of its long term range providing a breakout trade. It's possible to use tight stops due to nature of trading activity before breakout, giving me over...