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After Yesterday's Decline of 2.45%, Ipg Photonics Offers Investors Better Value

By James Quinn

Ipg Photonics (NASDAQ:IPGP) traded in a range yesterday that spanned from a low of $136.10 to a high of $140.03. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $139.45 on volume of 166,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 17.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Ipg Photonics have traded between a low of $76.22 and a high of $264.11 and are now at $137.35, which is 80% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1.5%.

Keywords: rebounders ipg photonics

Ticker(s): IPGP