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Bullish Moving Average Cross by Ipg Photonics (IPGP)

By Shiri Gupta

Today, shares of Ipg Photonics (NASDAQ:IPGP) have advanced above their 10-day MA of $155.05 on a volume of 365K 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.

Ipg Photonics share prices have moved between a 52-week high of $165.99 and a 52-week low of $76.22 and are now trading 116% above that low price at $164.95 per share. The 200-day and 50-day moving averages have moved 0.08% higher and 0.28% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Ipg Photonics on October 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $85.54. Since that recommendation, shares of Ipg Photonics have risen 78.5%. We continue to monitor IPGP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ipg photonics

Ticker(s): IPGP