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SmarTrend Watching for Potential Pullback in Shares of Interpublic Grp After 1.68% Gain

By Amy Schwartz

Interpublic Grp (NYSE:IPG) traded in a range yesterday that spanned from a low of $24.15 to a high of $24.79. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $24.06 on volume of 3.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Interpublic Grp have traded between a low of $18.30 and a high of $26.01 and are now at $24.34, which is 33% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

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 12.7%. We continue to monitor IPG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders interpublic grp

Ticker(s): IPG