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Bullish Moving Average Cross by Intl Paper Co (IP)

By James Quinn

Intl Paper Co (NYSE:IP) crossed over its 10-day moving average of $41.21 on a volume of 261K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Intl Paper Co share prices have moved between a 52-week high of $54.95 and a 52-week low of $36.45 and are now trading 14% above that low price at $41.44 per share. The 200-day and 50-day moving averages have moved 0.23% lower and 0.46% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Intl Paper Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Intl Paper Co in search of a potential trend change.

Keywords: moving crosses intl paper co

Ticker(s): IP