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Interpublic Grp Crosses Below its 10-day MA (IPG)

By James Quinn

Today, shares of Interpublic Grp (NYSE:IPG) have fallen below their 10-day MA of $23.38 on a volume of 785K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Interpublic Grp share prices have been bracketed by a low of $19.61 and a high of $25.10 and are now at $23.12, 18% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Interpublic Grp on July 2nd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.86. Since that recommendation, shares of Interpublic Grp have risen 3.6%. We continue to monitor IPG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses interpublic grp

Ticker(s): IPG