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Bearish Moving Average Cross by Ingersoll-Rand (IR)

By James Quinn

Ingersoll-Rand (NYSE:IR) shares have crossed bearishly below their 10-day moving average of $88.78 on a volume of 146K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Ingersoll-Rand share prices have moved between a 52-week high of $97.67 and a 52-week low of $59.10 and are now trading 48% above that low price at $87.34 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.

SmarTrend is tracking the current trend status for Ingersoll-Rand and will alert subscribers who have IR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Ingersoll-Rand

Ticker(s): IR