Advertising and marketing giant Interpublic Group of Companies (IPG) made a new 52-week high Wednesday. Let's check out the charts and indicators to see how much upside we may have for shareholders.
In the daily bar chart of IPG, below, I can see that the shares surged to print a new 52-week high. Trading volume increased on this rally and that is a good sign for further gains. Prices are trading above the rising 50-day moving average line and above the rising 200-day moving average line.
The On-Balance-Volume (OBV) line shows a saw-toothed rise from October. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.