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Bearish Moving Average Cross by Intl Paper Co (IP)

By David Diaz

Today, shares of Intl Paper Co (NYSE:IP) have crossed bearishly below their 10-day moving average of $46.08 on a volume of 270K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Intl Paper Co share prices have been bracketed by a low of $37.55 and a high of $59.57 and are now at $45.71, 22% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Intl Paper Co and will alert subscribers who have IP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses intl paper co

Ticker(s): IP