Today we will analyze the stock ILLINOIS TOOL WORKS (ILT.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in ILLINOIS TOOL WORKS (ILT.MU)
1- Last bearish trend was from 44.18 $ (3/16/2012) to 41.90 $ (4/11/2012) a 2.28 $ move 2- The current bullish trend started from 41.90 $ at 4/11/2012 and is currently trading at 42.89 $.
3- ILT.MU current support level is at 42.77 which is the 38.20 % fibonacci retracement of the last 2.28 $ move.
4- ILT.MU current resistance level is at 43.04 which is the 50.00 % fibonacci retracement of the last 2.28 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
ILLINOIS TOOL WORKS (ILT.MU) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 41.900 and 41.030, and is currently supporting at 42.543.
ILLINOIS TOOL WORKS (ILT.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 31.880 and 30.590, and is currently supporting at 35.682.
ILLINOIS TOOL WORKS (ILT.MU) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 12.650 $ height triangle which was broken up at 35.080, target of the pattern is 47.730.

Stock Trading Conclusion:
ILLINOIS TOOL WORKS (ILT.MU) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 43.04, 43.31, 44.18, 44.80, 45.59, 47.73.
Stock Support levels : 42.77, 42.66, 42.54, 42.51, 42.44, 42.40, 42.28, 41.90, 35.68,.