Illinois Tool (ITW) Offering Possible 11.11% Return Over the Next 11 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 $92.50 short put and a strike $87.50 long put offers a potential 11.11% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 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 $87.50 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 above 80 which suggests that the stock is in overbought territory.

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

3 Industrial Stocks On The Rise
Mon, 10 Nov 2014 17:08:00 GMT

ITW Announces Plans to Webcast Investor Presentation for Baird's 2014 Industrial Conference
Wed, 05 Nov 2014 17:58:16 GMT
noodls – GLENVIEW, Ill., Nov. 5, 2014 (GLOBE NEWSWIRE) — Illinois Tool Works Inc. (NYSE:ITW) today announced plans to webcast its investor presentation at the upcoming Robert W. Baird 2014 Industrial Conference …

ITW Announces Plans to Webcast Investor Presentation for Baird's 2014 Industrial Conference
Wed, 05 Nov 2014 16:58:32 GMT
GlobeNewswire – GLENVIEW, Ill. — Illinois Tool Works Inc. today announced plans to webcast its investor presentation at the upcoming Robert W. Baird 2014 Industrial Conference being held at the Four Seasons Hotel in …

10-Q for Illinois Tool Works, Inc.
Tue, 04 Nov 2014 00:08:29 GMT

ITW Board of Directors Declare Quarterly Dividend
Fri, 31 Oct 2014 16:18:07 GMT
noodls – GLENVIEW, Ill., Oct. 31, 2014 (GLOBE NEWSWIRE) — The Board of Directors of Illinois Tool Works Inc. (NYSE:ITW) today declared a regular quarterly cash dividend of $0.485 per share. The dividend equates …

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