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Stock Market & Financial Investment News

News Breaks
December 14, 2012
08:53 EDTITWIllinois Tool Works sees FY12 EPS ex items $4.06-$4.14, consensus $4.10
Now sees FY12 EPS from continuing operations $5.19-$5.29, compared to $4.06-$4.14 forecast issued in October. Sees FY12 EPS benefiting $1.30-$1.36 from divestitures, including Decorative Surfaces net gain.
News For ITW From The Last 14 Days
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July 28, 2014
15:47 EDTITWNotable companies reporting before tomorrow's open
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14:39 EDTITWIllinois Tool Works technical notes ahead of earnings
The shares have turned in a flat performance in the last three months, but have traded in a relatively wide range. The peak of price for that range was at $89.50, the 52-week high with $84 the low. Price was last at $84.74. With the recent decline from peak, the stock has broken the longer-term uptrend in place since the lows of February. The 10-day and 50-day moving averages have bearishly crossed, indicating a loss of upside momentum. On worse than anticipated results or guidance, the 200-day moving average at $82.49 would be a first and important test of support. A breakdown below the 200-day would be bearish for the long-term and is a sell signal in many trading systems with long time frames. Additional support below $82.49 would be at $79.47 and $76.25. On better than expected news, resistance would be at $87, the 50-day moving average. It would take a move back above the 50-day to put the shares back on a bullish footing. Next resistance would be at $89.50, the life high for the stock. Any move above that level would have no resistance to encounter, with $90 and $92.50 as possible objectives.

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