Ingersoll-Rand's most recent trend suggests a bullish bias. One trading opportunity on Ingersoll-Rand is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 12.36% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock dropped below the $65.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Ingersoll-Rand is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Ingersoll-Rand is bullish.
The RSI indicator is at 78.44 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Ingersoll-Rand
Ingersoll Reaches New 52-Week High
Fri, 29 Nov 2013 13:50:03 GMT
INGERSOLL-RAND PLC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Tue, 26 Nov 2013 21:16:31 GMT
Ingersoll-Rand fights IRS ‘treaty shopping' case in U.S. Tax Court
Mon, 25 Nov 2013 20:58:46 GMT
Reuters – Manufacturer Ingersoll-Rand Plc has gone to court to challenge a $109.8 million tax bill from the U.S. Internal Revenue Service for alleged “treaty shopping” whereby multinationals move money around the world for tax benefits. In U.S. Tax Court documents filed this month, the IRS said Ingersoll owed U.S. taxes and penalties on money it moved in 2002 into Bermuda, where the company was headquartered at the time. Ingersoll, which makes Trane air conditioners and Schlage locks, argues that it correctly moved U.S. cash into Bermuda via Barbados, Hungary and Luxembourg, according to a court filing. By routing the U.S. money through these three countries before it landed in Bermuda, the company said it correctly avoided a 30 percent tax the United States applies on cash flows into countries where it does not have a tax treaty.
JC Penney Booted Out Of S&P 500
Fri, 22 Nov 2013 23:04:00 GMT
Forbes – The S&P sends struggling retailers JC Penney to S&P MidCap 400 and Aeropostale to S&P SmallCap 600
So Long J.C Penney, the S&P 500 Will Miss You
Fri, 22 Nov 2013 22:50:00 GMT
Barrons.com – So long and thanks for all the dishes. J.C. Penney (JCP) has been bumped from the S&P 500 and into the S&P MidCap 400, as part of a string of moves. From S&P's press release: Allegion plc (ALLE) will replace …
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