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Ingersoll-Rand Bullish Moving Average Crossover Alert (IR)

By Amy Schwartz

Today, shares of Ingersoll-Rand (NYSE:IR) have crossed bullishly above their 10-day moving average of $88.58 on a volume of 229K 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 $90.18 and is now at $88.85, 89% above that low. 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 subscribers consider buying shares of Ingersoll-Rand on September 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $66.13. Since that recommendation, shares of Ingersoll-Rand have risen 33.3%. 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