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Interpublic Grp (IPG) Crosses Pivot Point Resistance at $23.60

By James Quinn

Shares of Interpublic Grp (NYSE:IPG) have bullishly opened above the pivot of $23.45 today and have reached the first resistance level of $23.60. Should the shares continue to rise, the resistance pivots of $23.75 and $24.05 will be of interest.

Potential upside of 0.0% exists for Interpublic Grp, based on a current level of $0.00 and analysts' average consensus price target of $25.23. The stock should find initial resistance at its 200-day moving average (MA) of $21.68 and further resistance at its 50-day MA of $23.52.

Interpublic Grp share prices have moved between a 52-week high of $26.01 and the current low of $0.00 and are currently at $0.00 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Interpublic Grp on January 11th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.18. Since that recommendation, shares of Interpublic Grp have risen 10.8%. We continue to monitor IPG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts interpublic grp

Ticker(s): IPG