New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 19, 2013
09:04 EDTITWIllinois Tool Works announces strategic review of industrial packaging segment
Illinois Tool Works announced that it is initiating a review process to explore strategic alternatives for its Industrial Packaging segment. The Industrial Packaging segment designs and manufactures steel, plastic, and paper products used for bundling, shipping, and protecting transported goods. The segment includes such well known brands as Signode, Strapex, Angleboard and Mima among others and had 2012 revenues of approximately $2.4B. To assist the company in evaluating its strategic alternatives, ITW has retained J.P. Morgan Securities LLC and Goldman, Sachs & Co. as its financial advisers.
News For ITW From The Last 14 Days
Check below for free stories on ITW the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 29, 2014
09:07 EDTITWIllinois Tool Works reports Q2 organic revenue up 1.4%
Subscribe for More Information
08:05 EDTITWIllinois Tool Works sees Q3 EPS $1.19-$1.27, consensus $1.23
Sees total revenue growth in a range of 3%-4%.
08:04 EDTITWIllinois Tool Works sees 2014 EPS $4.50-$4.62 vs. previous $4.45-$4.65
Consensus $4.57. Total revenue is expected to continue to grow in a range of 3%-4%.
08:03 EDTITWIllinois Tool Works reports Q2 EPS $1.21, consensus $1.20
Subscribe for More Information
July 28, 2014
15:47 EDTITWNotable companies reporting before tomorrow's open
Subscribe for More Information
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.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use