Illinois Tool (ITW) Offering Possible 5.26% Return Over the Next 25 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 25 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 64.36 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Illinois Tool

Illinois Tool Works' CEO Discusses Q1 2014 Results – Earnings Call Transcript
Tue, 22 Apr 2014 19:29:02 GMT
Seeking Alpha – Scott Santi Thanks, John, and good morning, everyone. On the whole, we've had a good start to 2014 and we continue to be pleased with the progress we are making in executing our enterprise strategy.

Illinois Tool Works Selects Dynamic for Global Branding Initiative
Tue, 22 Apr 2014 18:49:00 GMT
Business Wire – Dynamic, a full service digital advertising agency, announced today that it has been selected by Illinois Tool Works to lead a global branding initiative for approximately two dozen ITW business units.

Illinois Tool Works says sale process for industrial packaging unit ‘on track'
Tue, 22 Apr 2014 14:19:13 GMT

ITW's Q1 Earnings Beat Ests, Guidance Up
Tue, 22 Apr 2014 14:19:03 GMT

Illinois Tool Works Inc. Earnings Call scheduled for 10:00 am ET today
Tue, 22 Apr 2014 14:00:00 GMT

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