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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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April 23, 2015
07:23 EDTITWIllinois Tool Works management to meet with Deutsche Bank
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April 22, 2015
07:29 EDTITWIllinois Tool Works management to meet with Deutsche Bank
Meeting to be held in New York on April 22 hosted by Deutsche Bank.
April 21, 2015
08:08 EDTITWIllinois Tool Works lowers FY15 EPS view by 15c to $5.00-$5.20, consensus $5.21
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08:08 EDTITWIllinois Tool Works sees Q2 EPS $1.22-$1.30, consensus $1.36
Organic revenue growth for Q2 is forecast to be 1%-2%.
08:05 EDTITWIllinois Tool Works reports Q1 EPS $1.21, consensus $1.17
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April 20, 2015
15:37 EDTITWNotable companies reporting before tomorrow's open
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