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Ingersoll-Rand Bearish Moving Average Crossover Alert (IR)

By Shiri Gupta

Ingersoll-Rand (NYSE:IR) crossed under its 10-day moving average of $119.61 on a volume of 114K shares. This may provide short-term investors a chance 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 $128.31 and is now at $118.49, 39% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.4%.

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