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Look for Shares of Interpublic Grp to Potentially Rebound after Yesterday's 1.87% Sell Off

By David Diaz

Interpublic Grp (NYSE:IPG) traded in a range yesterday that spanned from a low of $19.72 to a high of $20.52. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $19.87 on volume of 2.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Interpublic Grp share prices have moved between a 52-week high of $25.10 and a 52-week low of $19.56 and are now trading 1% above that low price at $19.73 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has remained constant.

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

Keywords: rebounders interpublic grp

Ticker(s): IPG