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SmarTrend Watching for Potential Rebound in Shares of Interpublic Group of Cos After 2.12% Loss

By David Diaz

Interpublic Group of Cos (NYSE:IPG) traded in a range yesterday that spanned from a low of $23.88 to a high of $24.93. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $24.60 on volume of 5.1 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 Group of Cos share prices have been bracketed by a low of $18.16 and a high of $25.34 and are now at $24.75, 36% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

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

Keywords: rebounders interpublic group of cos

Ticker(s): IPG