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Intl Paper Co Set to Possibly Pullback After Yesterday's Rally of 1.46%

By James Quinn

Intl Paper Co (NYSE:IP) traded in a range yesterday that spanned from a low of $44.60 to a high of $45.08. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $44.64 on volume of 886,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Intl Paper Co share prices have moved between a 52-week high of $48.24 and a 52-week low of $36.45 and are now trading 23% above that low price at $44.96 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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: rebounders intl paper co

Ticker(s): IP