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Shares of Ingersoll-Rand Rise to a New 52-Week High

By Shiri Gupta

Shares of Ingersoll-Rand (NYSE:IR) traded today at $103.51, breaking its 52-week high. This new high was reached on below average trading volume as 339,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

Ingersoll-Rand (NYSE:IR) is currently priced 0.2% above its average consensus analyst price target of $102.94. Ingersoll-Rand shares have support at the 50-day moving average (MA) of $96.65 and additional support at the 200-day MA of $90.54.

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 share prices have moved between a 52-week high of $103.51 and a 52-week low of $79.63 and are now trading 29% above that low price at $103.10 per share. The 200-day and 50-day moving averages have moved 0.30% higher and 0.82% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Ingersoll-Rand on May 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.27. Since that recommendation, shares of Ingersoll-Rand have risen 17.9%. 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