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Recent 52-Week High Exceeded in Shares of Ingersoll-Rand (IR)

By Shiri Gupta

Ingersoll-Rand (NYSE:IR) traded today at a new 52-week high of $69.07. Approximately 207,000 shares have changed hands today, as compared to an average 30-day volume of 2 million shares.

In the past 52 weeks, shares of Ingersoll-Rand have traded between a low of $44.65 and a high of $69.07 and are now at $68.82, which is 54% above that low price. The 200-day and 50-day moving averages have moved 0.69% higher and 1.06% higher over the past week, respectively.

There is potential upside of 0.9% for shares of Ingersoll-Rand based on a current price of $68.82 and an average consensus analyst price target of $69.45. The stock should find initial support at its 50-day moving average (MA) of $65.89 and further support at its 200-day MA of $58.93.

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 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: 52 week high/lows Ingersoll-Rand

Ticker(s): IR