Re: Help: Security Analysis (ITW)
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Hoping some of you stock gurus can help me with a project in my Investments class. I basically have to analyze the common stock of Illinois Tool Works (ITW). The problem is I have no idea what I'm doing. I have to reach an actionable conclusion (buy,sell, or hold) and generate a value for ITW based on my own forcast of future performance. Any thoughts or ideas you guys have would be greatly appreciated.
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Technically the looks like it is ready to make a run back down to the 80 level. It has been going up in value on lower and lower volume. The last time it went up with volume was during the 3rd week of OCT. I would put a stop loss at this level with buy back in near 80 if volume drops off more at that level.
Scotty O
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