Illinois Tool (ITW) Offering Possible 13.64% Return Over the Next 30 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 $145.00 short put and a strike $135.00 long put offers a potential 13.64% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $145.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $8.80 would be incurred if the stock dropped below the $135.00 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 71.87 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

ITW ANNUAL STOCKHOLDERS’ MEETING TO BE HELD VIRTUALLY
Tue, 07 Apr 2020 21:03:22 +0000
GLENVIEW, Ill., April 07, 2020 — ITW (NYSE: ITW) today announced that, due to the public health impact of the coronavirus outbreak (COVID-19) and to support the health and.

Illinois Tool Works Is More Likely to Trade Sideways From Here
Fri, 03 Apr 2020 14:21:00 +0000
Illinois Tool Works was upgraded to a “Buy” today by one firm, but are the charts convincing? In this daily Japanese candlestick chart of ITW, below, we can see that while prices did not get cut in half, they were dramatically cut down in size. The trading volume has been very heavy the past month but the daily On-Balance-Volume (OBV) line remains in a downtrend from late February.

Edited Transcript of ITW earnings conference call or presentation 26-Jul-19 2:00pm GMT
Thu, 02 Apr 2020 02:18:03 +0000
Q2 2019 Illinois Tool Works Inc Earnings Call

Is It Smart To Buy Illinois Tool Works Inc. (NYSE:ITW) Before It Goes Ex-Dividend?
Thu, 26 Mar 2020 11:47:09 +0000
Readers hoping to buy Illinois Tool Works Inc. (NYSE:ITW) for its dividend will need to make their move shortly, as…

Do Hedge Funds Love Illinois Tool Works Inc. (ITW)?
Mon, 16 Mar 2020 23:52:24 +0000
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