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Ingersoll-Rand: The Losing Streak Continues (IR)

By Nick Russo

Shares of Ingersoll-Rand (NYSE:IR) traded today at $50.06, breaking its 52-week low. This new low was reached on approximately average trading volume as 3.5 million shares traded hands, while the average 30-day volume is approximately 3.2 million shares.

Ingersoll-Rand share prices have moved between a 52-week high of $70.93 and the current low of $50.06 and are currently at $50.08 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.7%.

There is potential upside of 43.0% for shares of Ingersoll-Rand based on a current price of $50.08 and an average consensus analyst price target of $71.63. The stock should find initial resistance at its 50-day moving average (MA) of $58.02 and further resistance at its 200-day MA of $64.70.

Ingersoll-Rand Company Ltd. is a diversified, global company that provides a diverse range of products and services for a wide range of industries. The Company's operations include consist of air conditioning systems and services, climate control technologies, industrial technologies and security technologies.

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: 52 week high/lows Ingersoll-Rand

Ticker(s): IR