IPGP Crosses Below Key Moving Average Level

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In trading on Friday, shares of IPG Photonics Corp (Symbol: IPGP) crossed below their 200 day moving average of $211.54, changing hands as low as $210.45 per share. IPG Photonics Corp shares are currently trading off about 1.6% on the day. The chart below shows the one year performance of IPGP shares, versus its 200 day moving average: IPG Photonics Corp 200 Day Moving Average Chart

Looking at the chart above, IPGP's low point in its 52 week range is $125.09 per share, with $264.1114 as the 52 week high point - that compares with a last trade of $211.65.

According to the ETF Finder at ETF Channel, IPGP makes up 3.10% of the PowerShares Dynamic Market Portfolio ETF (Symbol: PWC) which is trading up by about 0.2% on the day Friday.

Click here to find out which 9 other stocks recently crossed below their 200 day moving average ยป

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing
Referenced Symbols: IPGP , PWC

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