Bullish Moving Average Cross by Ingersoll-Rand (IR)
Today, shares of Ingersoll-Rand (NYSE:IR) have crossed bullishly above their 10-day moving average of $64.32 on a volume of 151K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Ingersoll-Rand has traded in a range of $47.08 to $70.93 and is now at $64.66, 37% above that low. The 200-day and 50-day moving averages have moved 0.09% lower and 1.57% higher over the past week, respectively.
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