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After Yesterday's Decline of 1.14%, Intl Paper Co Offers Investors Better Value

By David Diaz

Intl Paper Co (NYSE:IP) traded in a range yesterday that spanned from a low of $42.28 to a high of $43.79. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $42.69 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Intl Paper Co have traded between the current low of $42.33 and a high of $66.94 and are now at $42.42. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 0.5%.

SmarTrend is tracking the current trend status for Intl Paper Co and will alert subscribers who have IP in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders intl paper co

Ticker(s): IP