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Intl Paper Co Set to Possibly Pullback After Yesterday's Rally of 1.72%

By David Diaz

Intl Paper Co (NYSE:IP) traded in a range yesterday that spanned from a low of $53.01 to a high of $53.87. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $53.55 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Intl Paper Co share prices have been bracketed by a low of $50.00 and a high of $66.94 and are now at $53.83, 8% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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