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Bearish Moving Average Cross by Intl Paper Co (IP)

By Amy Schwartz

Today, shares of Intl Paper Co (NYSE:IP) have fallen below their 10-day MA of $43.23 on a volume of 510K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Intl Paper Co have traded between a low of $37.55 and a high of $56.20 and are now at $42.66, which is 14% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.8%.

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