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Bearish Moving Average Cross by Intl Paper Co (IP)

By James Quinn

Today, shares of Intl Paper Co (NYSE:IP) have crossed bearishly below their 10-day moving average of $53.07 on a volume of 301K 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.

Over the past year, Intl Paper Co has traded in a range of $50.00 to $66.94 and is now at $52.90, 6% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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