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Bullish Moving Average Cross by Ipg Photonics (IPGP)

By Nick Russo

Today, shares of Ipg Photonics (NASDAQ:IPGP) have crossed bullishly above their 10-day moving average of $163.35 on a volume of 151K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Ipg Photonics has traded in a range of $76.22 to $264.11 and is now at $164.10, 115% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 2.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ipg Photonics on July 31st, 2018 by issuing a Downtrend alert when the shares were trading at $169.80. Since that call, shares of Ipg Photonics have fallen 4.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ipg photonics

Ticker(s): IPGP