Illinois Tool (ITW) Offering Possible 13.64% Return Over the Next 31 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 $130.00 short put and a strike $120.00 long put offers a potential 13.64% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $130.00 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 $120.00 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 75.36 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

Do Institutions Own Shares In Illinois Tool Works Inc (NYSE:ITW)?
Fri, 16 Nov 2018 15:24:18 +0000
The big shareholder groups in Illinois Tool Works Inc (NYSE:ITW) have power over the company. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease

76% of Analysts Have Recommended ‘Holds’ on Illinois Tool Works
Thu, 15 Nov 2018 12:30:55 +0000
There has been a considerable increase among analysts tracking Illinois Tool Works (ITW) in the past six months. Right now, 21 analysts are actively tracking the stock. Among them, 19% have given the stock “buys,” 76% have given it “holds,” and 5% have given it “sells.”

ITW’s Short Interest Is at Its Highest Point: What Could It Mean?
Wed, 14 Nov 2018 16:35:02 +0000
In the latest short interest report on November 2, the data indicated that Illinois Tool Works’ (ITW) short interest was at its highest point of 2018. According to the report, ITW’s short interest was 1.56% of its outstanding shares compared to 1.27% on October 15. The increase in its short interest suggests a rise in negative sentiments toward the stock. As a result, its short interest ratio is ~3.05x, indicating that it would require three days to cover all of the short positions in the stock.

Can ITW Use Its Free Cash Flow to Bring Down Its Debt Level?
Wed, 14 Nov 2018 15:05:02 +0000
In the previous article, we looked at Illinois Tool Works’ (ITW) debt position and its debt-to-equity ratio. In this article, we’ll see whether ITW’s free cash flow can help to reduce its debt.

ITW’s Debt Declines, Debt-to-Equity Continues to Rise
Wed, 14 Nov 2018 13:32:08 +0000
Illinois Tool Works (ITW), a specialized industrial equipment manufacturer, reported debt of $7.40 billion at the end of the third quarter. This debt marked a reduction of $0.93 billion from 2017.

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