Bullish Moving Average Cross by International Paper (IP)
International Paper (NYSE:IP) crossed over its 10-day moving average of $42.68 on a volume of 533K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of International Paper have traded between a low of $32.50 and a high of $54.05 and are now at $43.06, which is 32% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has slid 0.3%.
SmarTrend is monitoring the recent change of momentum in International Paper. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of International Paper in search of a potential trend change.
Keywords: moving crosses International Paper