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Bearish Moving Average Cross by Ingersoll-Rand (IR)

By Shiri Gupta

Today, shares of Ingersoll-Rand (NYSE:IR) have fallen below their 10-day MA of $67.42 on a volume of 160K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Ingersoll-Rand have traded between a low of $47.08 and a high of $70.93 and are now at $67.30, which is 43% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.

SmarTrend is monitoring the recent change of momentum in Ingersoll-Rand. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ingersoll-Rand in search of a potential trend change.

Keywords: moving crosses Ingersoll-Rand

Ticker(s): IR