Before the Bell Scans of Ingersoll-Rand, Gardner Denver, Dresser-Rand, and SPX Corp.
LONDON, April 15, 2013 /PRNewswire/ --
The U.S. economy showed signs of a strong recovery in the first two months of 2013. However, recent economic data has sparked concern that the recovery has stalled. Last Friday, investors digested weaker-than-expected consumer sentiment and retail sales data. Economic data from China, the world's second largest economy, however, has been encouraging. Diversified machinery makers such as Ingersoll-Rand Plc (NYSE: IR), Garner Denver Inc. (NYSE: GDI), Dresser-Rand Group Inc. (NYSE: DRC), and SPX Corporation (NYSE: SPW) will be hoping that the U.S. economy gets back on track. Shares of all four companies ended lower in last Friday's trading session, tracking losses in the broad market. StockCall has taken an interest in these companies and you can now sign up to download the free technical research on IR, GDI, DRC, and SPW at
http://www.stockcall.com/registration
Ingersoll-Rand Plc's shares struggled in Friday's session. The stock ended the day 0.92% lower at $56.16 on volume of 1.55 million. Despite the pullback on Friday, Ingersoll-Rand's shares have gained nearly 1% in the last three sessions. The company's shares are currently trading close to their 52-week high of $57.14. The stock has gained more than 17.50% since the start of this year. Shares of IR have seen a series of highs since the start of this year, which is a bullish signal. The positive trend is further confirmed by the stock's MACD chart. Sign up today to read the free research report on IR at
http://www.StockCall.com/IR041513.pdf
Shares of Gardner Denver Inc. edged lower on Friday; however, the losses were limited. The stock closed 0.12% lower at $75.06 on volume of 1.03 million. Shares of GDI have traded sideways over the past two months. The stock has been struggling to break through $76 resistance level. The company's shares, nonetheless, are trading well above their 50-day and 200-day moving averages, which is a bullish signal. Year-to-date, the stock has gained more than 9.60%, underperforming the S&P 500. Register to download the free technical analysis on GDI at
http://www.StockCall.com/GDI041513.pdf
Shares of Dresser-Rand Group Inc. fell sharply in trading last Friday. The stock ended the day 1.77% lower at $57.82 on volume of 287,300. The company's shares have been struggling to break through $59 resistance level. The stock currently has support at around $57. Dresser-Rand's shares are currently trading below their 50-day moving average, which is a bearish signal. The stock's MACD is also trading below the signal line and the zero-line, further confirming the downbeat trend. Dresser-Rand Group's shares have gained nearly 3% so far in 2013. Free report on DRC can be accessed by registering at
http://www.StockCall.com/DRC041513.pdf
Shares of SPX Corporation slipped in Friday's trading session. The stock ended the day 1.64% lower at $76.33 on volume of 214,800. Despite the pullback in its last trading session, shares of SPW rose more than 1% last week. Year-to-date, the stock has gained more than 9%, underperforming the S&P 500, which has gained more than 11.40% in the same period. SPX's shares are currently trading below their 50-day moving average. The stock has support at around $76. Its MACD is also trading below the signal line and the zero-line, which is a bearish signal. Register with StockCall and download the research on SPW for free at
http://www.StockCall.com/SPW041513.pdf
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