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If you are long ITW, hedge your risk with some PH

|Includes: Illinois Tool Works Inc. (ITW), PH

For every 300 ITW that you own, sell short 358 PH

Based on our Stock Pairing model, this will ensure you a risk-less profit in a few weeks.

Our Value metric on 8/2/2010 for the ITW-PH pair looks pretty far away from the zero crossing, so we are deciding to enter the trade.

As it approaches the zero-crossing, I will alert you here so you can close out this paired trade for a nice profit.

Even if you do not own ITW yet, you could enter this low-risk paired trade over a holding period of a couple of weeks.

Follow and track our Stock Pairs Trader system here for free or sign up for your free trial here. Get the stock trade signals and use them for investing

Disclosure: None