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Bearish Moving Average Cross by Ingersoll-Rand (IR)

By James Quinn

Ingersoll-Rand (NYSE:IR) crossed under its 10-day moving average of $121.74 on a volume of 104K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Ingersoll-Rand has traded in a range of $85.15 to $125.26 and is now at $121.24, 42% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.1%.

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