Illinois Tool (ITW) Offering Possible 5.26% Return Over the Next 10 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 $82.50 short put and a strike $77.50 long put offers a potential 5.26% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $77.50 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 at 63.76 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 Announces Conference Call Information For 2014 First Quarter Earnings
Tue, 08 Apr 2014 18:52:00 GMT
PR Newswire – GLENVIEW, Ill., April 8, 2014 /PRNewswire/ — Illinois Tool Works Inc. (ITW) today announced that it will hold its 2014 first quarter conference call on Tuesday, April 22, 2014. The conference call will begin at 9 a.m. Central Time and will follow the Company's release of first quarter earnings at 7 a.m. Central Time on that same day. The playback number will be available until 12 midnight on May 6, 2014. The Company's synchronized slide show accompanying the web cast audio can be accessed via its website at www.itw.com. Interested participants should then access the investor tab. The Company focuses on solid growth, improving profitability and strong returns across its worldwide platforms and businesses.

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