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Bullish Moving Average Cross by Intl Paper Co (IP)

By Amy Schwartz

Intl Paper Co (NYSE:IP) crossed over its 10-day moving average of $46.35 on a volume of 115K 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.

Over the past year, Intl Paper Co has traded in a range of $37.55 to $59.57 and is now at $46.63, 24% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Intl Paper Co on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.76. Since that recommendation, shares of Intl Paper Co have risen 8.1%. We continue to monitor IP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses intl paper co

Ticker(s): IP