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SmarTrend Watching for Potential Pullback in Shares of Interpublic Grp After 1.07% Gain

By David Diaz

Interpublic Grp (NYSE:IPG) traded in a range yesterday that spanned from a low of $24.71 to a high of $25.01. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $24.93 on volume of 943,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, Interpublic Grp share prices have been bracketed by a low of $21.66 and a high of $25.37 and are now at $24.94, 15% above that low price. The 200-day and 50-day moving averages have moved 0.31% higher and 0.73% higher over the past week, respectively.

Keywords: rebounders interpublic grp

Ticker(s): IPG