• Return to Headlines

After Yesterday's Rally of 1.77% Shares Could Potentially Pullback

By James Quinn

Ingersoll-Rand (NYSE:IR) traded in a range yesterday that spanned from a low of $88.61 to a high of $90.22. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $89.79 on volume of 639,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Ingersoll-Rand share prices have moved between a 52-week high of $97.67 and a 52-week low of $59.10 and are now trading 52% above that low price at $90.03 per share. The 200-day and 50-day moving averages have moved 0.09% lower and 1.57% higher over the past week, respectively.

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: rebounders Ingersoll-Rand

Ticker(s): IR