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Ingersoll-Rand Bearish Moving Average Crossover Alert (IR)

By David Diaz

Ingersoll-Rand (NYSE:IR) crossed under its 10-day moving average of $121.34 on a volume of 154K 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.

In the past 52 weeks, Ingersoll-Rand share prices have been bracketed by a low of $85.15 and a high of $125.26 and are now at $120.28, 41% above that low price. The 200-day and 50-day moving averages have moved 0.45% higher and 0.86% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Ingersoll-Rand on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $92.72. Since that recommendation, shares of Ingersoll-Rand have risen 31.0%. We continue to monitor IR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Ingersoll-Rand

Ticker(s): IR