The Hourly View for IR
500 – Internal server error It’s been a feast for bears operating on an hourly timeframe, as IR has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
IR ranks 18th in terms of today’s price percentage change out of Machinery stocks.
IR’s Technical Outlook on the Daily Chart
At the time of this writing, IR’s price is up $0.77 (1.5%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows IR’s price action over the past 90 days.
For IR News Traders
News traders keeping an eye on IR may find value in this recent story:
Ingersoll-Rand (NYSE:IR) is scheduled to announce Q1 earnings results on Wednesday, April 28th, after market close.The consensus EPS Estimate is $0.35 (+40.0% Y/Y) and the consensus Revenue Estimate is $1.31B (+3.1% Y/Y).Over the last 2 years, IR has beaten EPS estimates 75% of the time and has beaten revenue estimates…
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The post Ingersoll Rand Inc (IR): Price Now Near $51.98; Daily Chart Shows An Uptrend on 100 Day Basis appeared first on ETF Daily News.
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