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Intl Paper Co (IP) Breaks Through Support at $51.80

By Nick Russo

Shares of Intl Paper Co (NYSE:IP) have bearishly opened below the pivot of $52.61 today and have reached the first support level of $51.80. Should the shares continue to fall, the support pivots of $51.40 and $50.19 will be of interest.

In the past 52 weeks, shares of Intl Paper Co have traded between the current low of $0.00 and a high of $58.95 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.6%.

Intl Paper Co has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $60.00. The stock should find initial resistance at its 200-day moving average (MA) of $40.43 and further resistance at its 50-day MA of $40.54.

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: pivot alerts intl paper co

Ticker(s): IP