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Shares of Ingersoll-Rand Has Risen Above Previous 52-Week High

By David Diaz

Shares of Ingersoll-Rand (NYSE:IR) traded at a new 52-week high today of $124.84. Approximately 179,000 shares have changed hands today, as compared to an average 30-day volume of 1.5 million shares.

Ingersoll-Rand share prices have moved between a 52-week high of $124.84 and a 52-week low of $83.51 and are now trading 49% above that low price at $124.84 per share. The 200-day and 50-day moving averages have moved 0.64% higher and 1.29% higher over the past week, respectively.

Ingersoll-Rand Public Limited Company manufactures industrial equipment. The Company offers central heaters, air conditioners, electric vehicles, air cleaners, and fluid handling products. Ingersoll-Rand markets its products worldwide.

Ingersoll-Rand (NYSE:IR) is currently priced 17.5% above its average consensus analyst price target of $102.94. The stock should find initial support at its 50-day moving average (MA) of $109.70 and further support at its 200-day MA of $101.27.

SmarTrend recommended that subscribers consider buying shares of Ingersoll-Rand on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $92.72. Since that recommendation, shares of Ingersoll-Rand have risen 32.9%. We continue to monitor IR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Ingersoll-Rand

Ticker(s): IR