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

By Shiri Gupta

Today, shares of Ingersoll-Rand (NYSE:IR) have advanced above their 10-day MA of $65.84 on a volume of 454K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Ingersoll-Rand have traded between a low of $47.08 and a high of $70.93 and are now at $66.22, which is 41% above that low price. The 200-day and 50-day moving averages have moved 0.09% lower and 1.57% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Ingersoll-Rand and will alert subscribers who have IR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Ingersoll-Rand

Ticker(s): IR