- IPGP surprised by growing sales and profits in Q1 when they were expected to shrink and it had some other encouraging news to share.
- The market reacted well to the latest updates from IPGP, but it seems to have had a change of heart, possibly for good reasons.
- The stock has reached a support level that has been in place for years, although the trend is still pointing down.
- There’s progress, but whether IPGP continues to do so is in doubt, which means going long could turn out to be rewarding or costly.
For further details see:
IPG Photonics Corporation: Recovery Or More Downside Ahead