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Interpublic Group of Cos Bearish Moving Average Crossover Alert (IPG)

By David Diaz

Today, shares of Interpublic Group of Cos (NYSE:IPG) have crossed bearishly below their 10-day moving average of $24.78 on a volume of 919K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Interpublic Group of Cos share prices have been bracketed by a low of $18.16 and a high of $25.34 and are now at $24.58, 35% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for Interpublic Group of Cos and will alert subscribers who have IPG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses interpublic group of cos

Ticker(s): IPG