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IPGP forms New Downtrend on July 29
On Wednesday, July 29th, IPGP moved down 4.62% while volume was to 1.1× the usual levels. Multiple bearish signals emerged — New Downtrend and Lower Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 78.52, 76.9 & 74.09, with resistance at 82.96, 85.77 & 87.39. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of IPGP: D
This might just be the start. See what else showed up for IPGP today.
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