Illinois Tool Works stock had its Relative Strength (RS) Rating upgraded from 69 to 78 Thursday -- a welcome improvement, but still shy of the 80 or higher score you prefer to see.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating of above 80 in the early stages of their moves. See if Illinois Tool Works stock can continue to rebound and clear that threshold.
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Is Illinois Tool Works Stock A Buy?
Illinois Tool Works stock is building a flat base with a 253.47 buy point. See if it can break out in volume at least 40% higher than normal.
The machinery company reported 10% EPS growth in its most recent report, while sales growth came in at 2%.
Illinois Tool Works stock earns the No. 23 rank among its peers in the Machinery-General Industrial industry group. EVI Industries and Parker Hannifin are also among the group's highest-rated stocks.
