IPG Photonics (IPGP - Get Report) is a vertically integrated developer and manufacturer of a line of fiber lasers for diverse applications in numerous markets. This stock is trading up 1.7% at $55.21 in recent trading.
Today's Volume: 650,000Average Volume: 599,518 Volume % Change: 131% From a technical standpoint, IPGP is starting to flirt with a couple of major breakouts. That first breakout is a move above some near-term overhead resistance at $55.15, and that second breakout is above its 200-day moving average of 55.82. If IPGP can sustain a high-volume move and close above those two breakout levels, then this stock has a great chance to re-test its October high of $58.16. Look for volume on a close above those levels that's near or well above 599,518 shares.
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