International Paper Bullish Moving Average Crossover Alert (IP)
International Paper (NYSE:IP) shares have crossed bullishly above their 10-day moving average of $41.42 on a volume of 473K 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 $41.53, which is 28% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.6%.
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