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Interpublic Group of Cos Falls 1.51% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Interpublic Group of Cos (NYSE:IPG) traded in a range yesterday that spanned from a low of $24.17 to a high of $24.60. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $24.22 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Interpublic Group of Cos share prices have moved between a 52-week high of $25.33 and a 52-week low of $18.16 and are now trading 33% above that low price at $24.21 per share. Over the past week, 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: rebounders interpublic group of cos

Ticker(s): IPG