Illinois Tool Offering Possible 11.11% Return Over the Next 29 Calendar Days

Illinois Tool's most recent trend suggests a bullish bias. One trading opportunity on Illinois Tool is a Bull Put Spread using a strike $80.00 short put and a strike $75.00 long put offers a potential 11.11% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $75.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Illinois Tool is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Illinois Tool is bullish.

The RSI indicator is at 62.03 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Illinois Tool

ILLINOIS TOOL WORKS INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Thu, 20 Feb 2014 17:37:19 GMT

ILLINOIS TOOL WORKS INC Financials
Wed, 19 Feb 2014 18:04:12 GMT

ITW Board Of Directors Declare Quarterly Dividend
Fri, 14 Feb 2014 19:56:02 GMT
noodls – ITW is a Fortune 200 global diversified industrial manufacturer of value added consumables and specialty equipment with related service businesses. The Company focuses on solid growth, improving profitability …

ILLINOIS TOOL WORKS INC Files SEC form 10-K, Annual Report
Fri, 14 Feb 2014 15:55:40 GMT

ITW Announces Plans To Webcast Presentation For Barclays Capital Industrial Select Conference
Thu, 13 Feb 2014 17:05:47 GMT
noodls – GLENVIEW, Ill., Feb. 13, 2014 /PRNewswire/ — Illinois Tool Works Inc. (NYSE: ITW) today announced plans to present at the upcoming Barclays Capital Industrial Select Conference at The Loews Miami Beach …

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