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This company operates in the fragrance business, and manufactures, markets and distributes an array of fragrances and fragrance related products. This stock is trading up 3.9% at $15.70 in recent trading.
Today's Volume: 169,000
Average Volume: 98,603
Volume % Change: 193%
From a technical standpoint, IPAR is bouncing off of some previous support zones near $15 to $15.06 today with heavy volume. This bounce could be signaling that the stock has put in a near-term bottom as long as $15 to $15.06 holds up. Market players should continue to look for long biased trades in IPAR if the stock can now breakout above $16.11 and $16.78 with volume. Look for a high-volume move above those levels that registers near or above 98,603 shares in the near future. If we get that move soon, then this stock has a chance to trade back towards its 200-day moving average of $18.25.