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Ingersoll-Rand Crosses Above its 10-day MA (IR)

By Amy Schwartz

Today, shares of Ingersoll-Rand (NYSE:IR) have crossed bullishly above their 10-day moving average of $64.89 on a volume of 305K 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 $65.07, 38% 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

Ticker(s): IR