Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Illinois Tool Works - ITW - Buy Signals

|Includes: Illinois Tool Works Inc. (ITW)

Today I added Illinois Tool Works (NYSE:ITW) to the Barchart Van Meerten New High portfolio

Barchart technical indicators:

 

  • 88% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 18.28% in the last month
  • Relative Strength Index 73.70%
  • Barchart computes a technical support level at 56.60
  • Recently traded at 59.69 with a 50 day moving average of 53.92

Disclosure: I am long ITW.