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Intl Paper Co (IP) Approaches New Upside Target of $53.04

By Amy Schwartz

Shares of Intl Paper Co (NYSE:IP) opened today above their pivot of $52.11 and have already reached the first level of resistance at $52.71. Analysts will be watching for a cross of the next upside pivot targets of $53.04 and $53.98.

Intl Paper Co has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $62.75. Intl Paper Co shares should first meet resistance at the 50-day moving average (MA) of $52.34 and find additional resistance at the 200-day MA of $55.32.

In the past 52 weeks, shares of Intl Paper Co have traded between the current low of $0.00 and a high of $66.94 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.08% lower and 0.01% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Intl Paper Co on June 15th, 2018 by issuing a Downtrend alert when the shares were trading at $55.66. Since that call, shares of Intl Paper Co have fallen 5.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts intl paper co

Ticker(s): IP