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Stock Market & Financial Investment News

News Breaks
July 28, 2014
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.
News For ITW From The Last 14 Days
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October 21, 2014
08:07 EDTITWIllinois Tool Works raises FY14 EPS view to $4.57-$4.65 from $4.50-$4.62
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08:07 EDTITWIllinois Tool Works sees Q4 EPS $1.07-$1.15, consensus $1.13
Sees Q4 revenue flat due to currency translation effects, consensus $3.64B.
08:04 EDTITWIllinois Tool Works reports Q3 EPS $1.28, consensus $1.23
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October 20, 2014
15:36 EDTITWNotable companies reporting before tomorrow's open
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