Ingersoll-Rand (NYSE:IR) traded today at a new 52-week high of $52.85. Approximately 406,000 shares have changed hands today, as compared to an average 30-day volume of 1.7 million shares.

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.

Over the past year, Ingersoll-Rand has traded in a range of $37.01 to $52.85 and is now at $52.83, 43% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.2%.

Ingersoll-Rand (NYSE:IR) has potential upside of 3.5% based on a current price of $52.83 and analysts' consensus price target of $54.67. The stock should find initial support at its 50-day moving average (MA) of $48.94 and further support at its 200-day MA of $44.81.

SmarTrend recommended that subscribers consider buying shares of Ingersoll-Rand on June 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.24. Since that recommendation, shares of Ingersoll-Rand have risen 24.0%. We continue to monitor IR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.