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Ipg Photonics Rises 2.45% on Heavy Volume: Watch For Potential Pullback

Jan 03, 2018 (SmarTrend(R) News Watch via COMTEX) --

Ipg Photonics (NASDAQ:IPGP) traded in a range yesterday that spanned from a low of $223.98 to a high of $229.66. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $222.58 on volume of 282,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Ipg Photonics has traded in a range of $76.22 to $248.23 and is now at $227.14, 198% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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

Write to Chip Brian at cbrian@mysmartrend.com

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