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Is This the Top for Illinois Tool Works Inc. (ITW)

Zacks Equity Research

Illinois Tool Works Inc. (ITW) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because ITW is now in overbought territory with an RSI value of 70.1. Furthermore, estimates for the Illinois Tool Works Inc. have been coming down, pushing it to Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.

ILLINOIS TOOL WORKS INC (ITW): Free Stock Analysis ReportZacks Investment Research