IRM stock: buy or sell

IRM stock price: $45.36 2.51% At close on Jun 21st, 2021

Updated on:
Jun 22nd, 2021

2

IRM stock brief

  • Iron Mountain Incorporated (Delaware) stock exploded 2.51% to close at $45.36 on the stock market on Monday.
  • Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services.

Should I buy Iron Mountain Incorporated (Delaware) stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $IRM stock a buy?

Currently, Iron Mountain Incorporated (Delaware) stock matches one trading strategy:

ATH buy setup

All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at ATHs is that price doesn't struggle with upper resistances, and usually it rises fast. However, you must always be aware of a possible bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is always important. Iron Mountain Incorporated (Delaware) can break to ATH any time soon, as it only needs to go up a 2.98%. Setup your buy order at $46.71 if you want to trade with this strategy. Arm your stop-loss at $42.04

Buy setupBuy pointStop lossRisk
ATH buy setup$46.71$42.0410.00%

Should I sell Iron Mountain Incorporated (Delaware) stock?

How to know when is it time to sell Iron Mountain Incorporated (Delaware) stock?. Trading strategies give us the ability us to avoid impulsive decisions based on our feelings or the buzz that surrounds the market. When selling, as well as buying, our strategies are very easy to use but are only applicable for selling stocks you already own, not for selling short Iron Mountain Incorporated (Delaware) stock

As a golden rule, you must never keep a trade that results in greater losses than those expected at the time of the buy. When to sell your stock must always be determined by the stop-loss (automatic or manual)

Is it time to sell Iron Mountain Incorporated (Delaware) stock?

Currently, Iron Mountain Incorporated (Delaware) stock doesn't match any of our preferred sell setups, so if you own Iron Mountain Incorporated (Delaware) stock and your operation is in profit probably is not time to sell now

Iron Mountain Incorporated (Delaware) ratings

We don't have any rating posted in the last month for Iron Mountain Incorporated (Delaware)

Iron Mountain Incorporated (Delaware) stock analysis

Iron Mountain Incorporated (Delaware) stock started an uptrend in November 2020, and gained a gorgeous 92.04%. During this uptrend, the price provided some buy points on the breakouts. Latest pullback was last February, when price bounced at $30.28. Iron Mountain Incorporated (Delaware) broke out above $40.09 (its last top) in early May. That breakout was a good entry point that resulted in a 13.15% profit

SMAs overview

IRM stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistance levels.

The current supports are:

  • S1: $40.09 (-11.62% below)
  • S2: $31.50 (-30.56% below)
  • S3: $31.23 (-31.15% below)
  • Bollinger bands

    Since the price surpassed the upper band on June 9, the price sliced by 2.89%

    IRM stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last Wednesday after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Monday was 59.96. Since RSI lost the overbought zone, Iron Mountain Incorporated (Delaware) stock inched down a 1.31%

    IRM stock RSI chart

    Iron Mountain Incorporated (Delaware) stock price history

    Iron Mountain Incorporated (Delaware) started trading priced at an adjusted price1 of $1.41 on Feb 1996. Since then, IRM stock surged by 3,117.02%, with an average of 124.68% per year. If you had invested thousand dollars in Iron Mountain Incorporated (Delaware) stock at that time, it would have a value of $32,170.21 today.

    1: Adjusted price after possible price splits or reverse-splits

    IRM stock price history chart

    Price target for Iron Mountain Incorporated (Delaware) stock

    Nobody can predict how much a stock will be priced tomorrow. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions publish their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental information by the company, and usually. If you are a small trader you don't have to invest based on these projections.

    In the last month we couldn't find any price target published for Iron Mountain Incorporated (Delaware) stock.

    Earnings and financials

    In early May, Iron Mountain Incorporated ($IRM) posted adjusted EPS for that strongly enhanced Wall St. expectations. Quarterly EPS was $0.32 per share compared to the forecasted $0.25. This Q1 report represents an earnings surprise of 28.00%. On the contrary, the company said turnover for this quarter was $1.1 billion in line with the market forecasts.

    By comparison, the EPS for the same quarter last year was $0.27, so current EPS is a gain of 18.52%. Sales slightly changed on an annualized basis in the , from $10.7B to $10.8B last quarter.

    IRM ($IRM) is hosting the quarterly earnings call next August. Estimated for this quarter is $0.35, compared to $0.32 that was reported for Q1.

    Iron Mountain Incorporated (Delaware) performance

    IRM performance compared
    Company1m3m6m
    Iron Mountain Incorporated (Delaware) ($IRM) 7.20% 25.90% 58.00%

    Please read:
    The comments expressed in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the specific scenarios of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for educative purposes only

    IRM summary

    Monday, June 21st, 2021
    Open$44.31
    Close$45.36
    Day range$44.31 - $45.45
    Previous close$44.25
    Session gain2.51%
    Average true range$1.11
    50d mov avg$41.75
    100d mov avg$37.97
    200d mov avg$32.45
    Earnings dateAugust 5th, 2021

    Frequently asked questions

    What is Iron Mountain Incorporated (Delaware) stock symbol?

    Iron Mountain Incorporated is a public company trading in the US stock market with the IRM symbol

    Is Iron Mountain Incorporated (Delaware) stock a buy or sell?

    Iron Mountain Incorporated (Delaware) had no ratings in the last four weeks Read the article to get additional tips on trading IRM stock.

    Will IRM go up?

    There were no predictions published by analysts in the last month for Iron Mountain Incorporated (Delaware).