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Ipg Photonics Rises 3.75% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Ipg Photonics (NASDAQ:IPGP) traded in a range yesterday that spanned from a low of $153.64 to a high of $155.61. Yesterday, the shares gained 3.8%, which took the trading range above the 3-day high of $155.49 on volume of 188,000 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 $104.64 to $264.11 and is now at $155.61, 49% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 2.2%.

SmarTrend recommended that subscribers consider buying shares of Ipg Photonics on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $120.87. Since that recommendation, shares of Ipg Photonics have risen 23.7%. We continue to monitor IPGP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders ipg photonics

Ticker(s): IPGP