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Bullish Moving Average Cross by Ingersoll-Rand (IR)

By Amy Schwartz

Today, shares of Ingersoll-Rand (NYSE:IR) have advanced above their 10-day MA of $84.25 on a volume of 147K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Ingersoll-Rand share prices have been bracketed by a low of $59.10 and a high of $97.67 and are now at $84.47, 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 recommended that its subscribers protect gains by selling shares of Ingersoll-Rand on February 9th, 2018 by issuing a Downtrend alert when the shares were trading at $87.82. Since that call, shares of Ingersoll-Rand have fallen 4.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Ingersoll-Rand

Ticker(s): IR