Illinois Tool (ITW) Offering Possible 31.58% Return Over the Next 22 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 $225.00 short put and a strike $220.00 long put offers a potential 31.58% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $225.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock dropped below the $220.00 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 70.08 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

Who Has Been Buying Illinois Tool Works Inc. (NYSE:ITW) Shares?
Wed, 21 Apr 2021 07:34:47 +0000
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be…

ITW Schedules First Quarter 2021 Earnings Webcast
Thu, 08 Apr 2021 13:16:00 +0000
GLENVIEW, Ill., April 08, 2021 (GLOBE NEWSWIRE) — Illinois Tool Works Inc. (NYSE: ITW) will issue its first quarter 2021 results on Friday, April 30, 2021 at 7:00 a.m. CDT. Following the release, ITW will hold its first quarter earnings webcast at 9:00 a.m. CDT. To access the webcast for the event, please click on the following link:ITW Q1 2021 Earnings Webcast If you are a participant on the conference call, please dial 1-877-201-0168 (domestic) or 1-647-788-4901 (international) 10 minutes prior to the 9:00 a.m. CDT start time. The passcode is “ITW.” Following the webcast, presentation materials and an audio webcast replay will be available at http://investor.itw.com. An audio-only replay will be available from April 30th through May 7th by dialing 1-800-585-8367 (domestic) or 1-416-621-4642 (international). The passcode is 5422059. About Illinois Tool WorksITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $12.6 billion in 2020. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 43,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. www.itw.com Investor RelationsIllinois Tool WorksKaren FletcherTel: 224.661.7433investorrelations@itw.com

Is ITW Stock A Buy or Sell?
Mon, 29 Mar 2021 17:07:47 +0000
In this article we will take a look at whether hedge funds think Illinois Tool Works Inc. (NYSE:ITW) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get […]

Illinois Tool Works (NYSE:ITW) Has Gifted Shareholders With A Fantastic 146% Total Return On Their Investment
Mon, 29 Mar 2021 07:36:34 +0000
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put…

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In this article we will take a look at 10 best industrial dividend stocks for 2021. You can skip our detailed discussion about the merits of dividend investing and go directly to 5 Best Industrial Dividend Stocks For 2021. The coronavirus crisis has hammered the global economy. Countries facing their second or even a third […]

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