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Shares of Interpublic Grp Has Fallen Below Previous 52-Week Low

By Nick Russo

Shares of Interpublic Grp (NYSE:IPG) traded at a new 52-week low today of $20.74. Approximately 308,000 shares have changed hands today, as compared to an average 30-day volume of 4.6 million shares.

The Interpublic Group of Companies, Inc. is an organization of advertising agencies and marketing service companies. The Company operates globally in the sectors of advertising, independent media buying, direct marketing, healthcare communications, interactive consulting services, marketing research, promotions, experiential and sport marketing, and public relations.

Interpublic Grp has overhead space with shares priced $20.89, or 22.4% below the average consensus analyst price target of $26.92. The stock should find initial resistance at its 200-day moving average (MA) of $21.70 and further resistance at its 50-day MA of $22.40.

In the past 52 weeks, shares of Interpublic Grp have traded between the current low of $20.74 and a high of $25.71 and are now at $20.89. The 200-day and 50-day moving averages have moved 0.31% higher and 0.73% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Interpublic Grp on July 26th, 2017 by issuing a Downtrend alert when the shares were trading at $21.73. Since that call, shares of Interpublic Grp have fallen 4.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows interpublic grp

Ticker(s): IPG