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Ingersoll Rand Bolsters Business Durability Ahead of EarningsIngersoll Rand Inc. (NYSE: NYSE:IR ), a renowned global provider of mission-critical flow creation and industrial solutions, has taken significant strides to fortify its business resilience through two strategic acquisitions: Controlled Fluidics and Ethafilter s.r.l. These acquisitions mark a pivotal moment in Ingersoll Rand's growth trajectory, solidifying its position in key markets and underlining its commitment to strategic expansion. Controlled Fluidics, renowned for its expertise in thermoplastic bonding and custom plastic assembly products, brings a wealth of experience in serving diverse industries, including life sciences, medical, aerospace, and industrial applications. This acquisition aligns seamlessly with Ingersoll Rand's existing life sciences portfolio, opening doors to new revenue streams and enhancing market share in high-growth sectors. By integrating Controlled Fluidics into its Precision and Science Technologies (P&ST) segment, Ingersoll Rand aims to capitalize on synergies and drive sustainable growth in target markets. Similarly, the acquisition of Ethafilter, an esteemed producer of filters and filter elements for the compressed air sector, presents exciting opportunities for Ingersoll Rand. With a focus on delivering innovative solutions and cutting-edge technology, Ethafilter's offerings perfectly complement Ingersoll Rand's industrial portfolio. By incorporating Ethafilter into its Industrial Technologies and Services (IT&S) segment, Ingersoll Rand anticipates expanding its product range, penetrating new markets, and bolstering aftermarket services. Vicente Reynal, Chairman and CEO of Ingersoll Rand, expressed enthusiasm about the strategic acquisitions, stating, "The acquisitions of Controlled Fluidics and Ethafilter are the latest examples of our continued strategy to acquire adjacent technologies that will complement our core offerings and provide opportunities for growth." Reynal emphasized Ingersoll Rand's commitment to compounding growth through targeted acquisitions, ensuring the long-term durability and competitiveness of the business. These acquisitions underscore Ingersoll Rand's proactive approach to capital allocation and its focus on achieving mid-teens return on invested capital (ROIC) within a reasonable timeframe. By strategically expanding its portfolio and strengthening its market presence, Ingersoll Rand positions itself for sustained success in the evolving industrial landscape. As Ingersoll Rand ( NYSE:IR ) continues to pursue growth opportunities and enhance its capabilities, investors and stakeholders can look forward to a resilient and dynamic company poised for future success in delivering innovative solutions to global challenges. Technical Outlook Ingersoll Rand ( NYSE:IR ) is trading above the 200, 100, and 50-day Moving Averages (MA) respectively with a Relative Strength Index (RSI) of 54.89. indicating a moderate buying rate from the bulls. The stock's 4-month price charts show an "inverted hammerhead" pattern indicating signs of a bullish takeover with the RSI attesting to the thesis.
NYSE:IRLong
by DEXWireNews
Ingersoll Rand Bounces at Old HighIngersoll Rand has barely moved for about six weeks, and some traders may look for its uptrend to resume. The first pattern on today’s chart is the February 16 high of $92.32, immediately after the last earnings report. The industrial stock remained below that level for more than month. It pushed higher for about two weeks before coming back to hold the same level. Has old resistance become new support? Second, you have the 21-day exponential moving average (EMA). Notice how IR bounced at the 21-day EMA in early January and mid-March. It appeared to do the same thing last week. Third, the 8-day EMA has remained above the 21-day EMA. That may reflect the presence of an uptrend. Finally, a falling trendline started on March 25 but Friday’s close was above it. That may suggest a period of weakness is ending. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:IR
by TradeStation
Ingersoll Rand Inc WCA - Cup and HandleCompany: Ingersoll Rand Inc. Ticker: IR Exchange: NYSE Sector: Industrials Introduction: In today's technical analysis, we turn our attention to Ingersoll Rand Inc. (IR), a key player in the Industrials sector, listed on the NYSE. The weekly chart is demonstrating a potential Cup and Handle formation, a well-known bullish reversal and continuation pattern. This pattern has developed over a period of 553 days, suggesting a possible breakout on the horizon. Cup and Handle Pattern: This Cup and Handle pattern is a bullish continuation pattern that occurs during an uptrend and represents a period of consolidation followed by a breakout. It is characterized by a "cup" formation, followed by a smaller consolidation period called the "handle." Analysis: Previously, IR's chart was showing a clear uptrend, indicated by the green dashed line. Now, we are witnessing a consolidation phase that appears to take the form of a Cup and Handle pattern. The horizontal resistance is at $60.51, and the price is comfortably above the 200 EMA, signaling a bullish environment. A breakout above this resistance level could be a potential entry point for a long position. However, this setup also presents a unique condition, a natural breakout filter, in the form of a secondary resistance level at $62.33. A convincing breakout would ideally surpass both these resistance levels. The potential price target, if both resistance levels are broken, is set at $81.63, signifying an upside of approximately 35% from the breakout level. Conclusion: IR's weekly chart reveals an interesting setup with a potential Cup and Handle pattern. This could suggest a continuation of the previous bullish trend. This setup is currently a watchlist candidate and not a direct trading recommendation. As always, this analysis should be used as part of your comprehensive market research and risk management strategy. Please remember, this is not financial advice and investing always involves risk. If you found this analysis helpful, please consider liking, sharing, and following for more insights. Wishing you profitable trading! Best regards, Karim Subhieh
NYSE:IR
by KarimSubhieh
Is Ingersoll Rand Breaking Out?Attention has focused on growth stocks for the last two months. Now could be the time to return to industrial names like Ingersoll Rand. The manufacturing conglomerate has gone nowhere for over five months. However it made a series of higher lows since mid-June while holding below $49.50. The result is a bullish ascending triangle, which now appears to be breaking. That zone has additional importance because it’s also the location of the 50-day simple moving average (SMA). Bollinger Bandwidth has been toward the narrower end of its range as well. The news flow could be positive for IR because earnings, revenue and guidance beat estimates last week. Congress is also near passing an infrastructure bill, which would mostly favor industrials. Speaking of industrials, a strange thing has been happening inside the sector: Some of the biggest names like United Parcel Service and Boeing have struggled for their own reasons. But many of the smaller names that track general economic activity – like Carrier, Otis and TE Connectivity – are jumping. IR fits more under that second group. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:IRLong
by TradeStation
Ingersoll Rand Has a High Tight PennantIndustrials have outperformed this year as investors look for the economy to rebound. Ingersoll Rand is a member of that group with some interesting chart patterns. First, notice how IR surged to a new all-time high last week. It’s now pulled back to hold its earlier peak around $47.50 and form tight pennant. Traders may watch the 8-day exponential moving average (EMA) as a potential shorter-term trend line. Second, IR recently formed an ascending triangle, which it’s broken to the upside. Third, the intermediate-term trend is turning more bullish after the recent pullback. MACD is now rising and the 21-day EMA has climbed above the 50-day simple moving average (SMA). Finally, IR formed a bullish outside candle today (despite the broader market selling off). IR supplies products like air compressors, power tools and lifting equipment. Those stand to benefit from a stronger economy and infrastructure spending. The company has also beaten estimates the last two quarters as management harvests synergies from its recent merger. (The old Ingersoll Rand recently split off its Trane HVAC business and merged with industrial-equipment company Gardner Denver.) TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:IRLong
by TradeStation
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