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 »

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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