Learn to Evaluate (ITW) using the Charts

Longer Term Trading Plans for ITW

• Buy ITW near 247.85 target 264.54 stop loss @ 247.13 Details

The technical summary data tells us to buy ITW near 247.85 with an upside target of 264.54. This data also tells us to set a stop loss @ 247.13 to protect against excessive loss in case the stock begins to move against the trade. 247.85 is the first level of support below 259.7 , and by rule, any test of support is a buy signal. In this case, support 247.85 is being tested, a buy signal would exist.

• Short ITW slightly under 264.54, target 247.85, stop loss @ 265.3 Details

The technical summary data is suggesting a short of ITW as it gets near 264.54 with a downside target of 247.85. We should have a stop loss in place at 265.3though. 264.54 is the first level of resistance above 259.7, and by rule, any test of resistance is a short signal. In this case, if resistance 264.54 is being tested, a short signal would exist.

Swing Trading Plans for ITW

• Buy ITW slightly over 260.84, target 264.54, Stop Loss @ 260.09 Details

If 260.84 begins to break higher, the technical summary data tells us to buy ITW just slightly over 260.84, with an upside target of 264.54. The data also tells us to set a stop loss @ 260.09 in case the stock turns against the trade. 260.84 is the first level of resistance above 259.7, and by rule, any break above resistance is a buy signal. In this case, 260.84, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ITW slightly near 260.84, target 247.85, Stop Loss @ 261.59. Details

The technical summary data is suggesting a short of ITW if it tests 260.84 with a downside target of 247.85. We should have a stop loss in place at 261.59 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 260.84, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ITW

• Buy ITW slightly over 260.05, target 260.84, Stop Loss @ 259.44 Details

If 260.05 begins to break higher, the technical summary data tells us to buy ITW just slightly over 260.05, with an upside target of 260.84. The data also tells us to set a stop loss @ 259.44 in case the stock turns against the trade. 260.05 is the first level of resistance above 259.7, and by rule, any break above resistance is a buy signal. In this case, 260.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ITW slightly near 260.05, target 247.85, Stop Loss @ 260.66. Details

The technical summary data is suggesting a short of ITW if it tests 260.05 with a downside target of 247.85. We should have a stop loss in place at 260.66 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 260.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Illinois Tool Works Inc. (ITW) available here: ITW.

ITW Ratings for July 13:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	230.22
P2	260.05	260.84	247.85
P3	264.19	266.47	264.54

AI Generated Signals for ITW

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES