Today's Technical View: Ingersoll-Rand, Dresser-Rand, SPX Corp., and Gardner
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LONDON, June 21, 2013
LONDON, June 21, 2013 /PRNewswire/ --
Shares in diversified machinery makers ended mostly lower yesterday, tracking
losses in the broader market which dropped sharply after comments from U.S.
Federal Reserve Chairman Ben Bernanke on the central bank's bond buying
program. The major movers included Ingersoll-Rand Plc (NYSE: IR), Dresser-Rand
Group Inc. (NYSE: DRC), SPX Corporation (NYSE: SPW), and Gardner Denver Inc.
(NYSE: GDI). All these companies are tracked by AAAResearchReports.com. Free
in-depth technical analysis on IR, DRC, SPW, and GDI are currently available
upon sign up at
Shares in Ingersoll-Rand Plc moved lower on Thursday, tracking losses in the
broader market. The company's shares traded between $54.93 and $56.34 before
finishing the day at $55.07, down 2.65%. A total of 2.25 million shares were
traded, which is above the daily average volume of 1.89 million. However,
despite the sharp decline yesterday, shares of Ingersoll-Rand are still
trading close to their 52-week high of $58.92. In the last three months, the
stock has fallen by 2.48%. Sign up for free technical analysis on IR at:
Dresser-Rand Group Inc.'s stock slipped yesterday as the broader market
tumbled. The company's shares ended the day 1.23% lower at $59.56 after
oscillating between $58.33 and $60.20. Shares in Dresser-Rand registered a
trading volume of 730,654 shares that exceeded their daily average volume of
579,535 shares. However, despite the pullback, the company's shares are still
up 0.07% in the last three trading sessions. The stock is trading slightly
below its 50-day moving average. Download free report on DRC by registering
Shares in SPX Corporation fell sharply on Thursday, extending their losses
from previous trading sessions. The company's shares ended the day at $73.09,
down 3.36%, after fluctuating between $73.01 and $74.79. The stock recorded a
total trading volume of 565,388 shares, which is above the daily average
volume of 410,277. In the last three trading sessions, the company's shares
have fallen more than 4%. Further, the stock has decreased by 10.75% in the
last three months, thus underperforming the S&P 500. The free report on SPW
can be downloaded by signing up now at:
Gardner Denver Inc.'s stock ended 0.33% lower yesterday as the broader market
struggled. The company's shares traded between $74.86 and $75.40 before ending
the day at $75.12 on a total of 1.18 million shares traded. The company's
shares have a daily average volume of 424,112. Gardner Denver's shares are
currently trading near their 52-week high of $76.57. In the last three months,
the stock has risen by 0.11%, but it is still underperforming the S&P 500. A
free report on GDI can be accessed by registering at:
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