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Intl Paper Co Crosses Below its 10-day MA (IP)

By Nick Russo

Intl Paper Co (NYSE:IP) shares have crossed bearishly below their 10-day moving average of $43.81 on a volume of 308K 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.

Over the past year, Intl Paper Co has traded in a range of $37.55 to $59.57 and is now at $43.31, 15% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.3%.

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