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

By Nick Russo

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.

In the past 52 weeks, Interpublic Grp share prices have been bracketed by a low of $19.56 and a high of $25.10 and are now at $19.73, 1% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.

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