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After Yesterday's Rally of 3.34% Shares Could Potentially Pullback

By Amy Schwartz

Ipg Photonics (NASDAQ:IPGP) traded in a range yesterday that spanned from a low of $135.14 to a high of $138.00. Yesterday, the shares gained 3.3%, which took the trading range above the 3-day high of $136.45 on volume of 380,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Ipg Photonics has traded in a range of $76.22 to $264.11 and is now at $136.10, 79% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.1% while the 200-day MA has slid 0.7%.

SmarTrend is tracking the current trend status for Ipg Photonics and will alert subscribers who have IPGP in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ipg photonics

Ticker(s): IPGP