Interpublic Group of Companies (IPG)

IPG is a $9.2 billion services company that provides advertising and marketing services. IPG recently broke out above long-term price resistance near $20.75. IPG is a member of the Media Agencies industry group ($DJUSAV), which has been very strong of late. The DJUSAV also is very strong technically on its weekly chart now after consolidating much of 2014 after a long-term negative divergence printed in February 2014. After reaching $22.50, IPG had an RSI that was overbought at 70 and its stochastic was overbought as well. Therefore, we'd prefer some selling before entering. Consider entry at the rising 20 day EMA, currently at $21.61, then at price support near $20.75. A reasonable closing stop level would be $20.50 with a price target of $25.25.