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IPG Photonics Shares Up 48.6% Since SmarTrend's Buy Recommendation (IPGP)
Feb 14, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for IPG Photonics (NASDAQ:IPGP) on January 9th, 2012 at $39.47. In approximately 1 month, IPG Photonics has returned 48.59% as of today's recent price of $58.65.
IPG Photonics share prices have moved between a 52-week high of $78.59 and a 52-week low of $33.33 and are now trading 76% above that low price at $58.65 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 2.4%.
IPG Photonics Corporation produces high-power fiber lasers and amplifiers. The Company develops and commercializes optical fiber-based lasers used in a wide range of applications such as materials processing, telecommunications and medical applications.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of IPG Photonics shares.Log in and add IPG Photonics (IPGP) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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