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GThe Financial Ad Traderet FAT!

 


11/10/98  Illinois Toolworks (ITW)

Points to watch: Stock fell back after touching Gann resistance at 67.75.  OBV, RSI, and %R have turned down.   Stochastics has turned down from overbought.  Both daily and weekly MACD have given sell signals.  Fibonacci support exists at 62.88 and Gann support at 62.63. Sell or sell short on close beneath support, placing a stop slightly above resistance.

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Last modified: April 02, 2001
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