• Return to Headlines

Intl Paper Co Set to Possibly Rebound After Yesterday's Selloff of 2.24%

By Shiri Gupta

Intl Paper Co (NYSE:IP) traded in a range yesterday that spanned from a low of $45.80 to a high of $46.53. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $46.60 on volume of 2.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Intl Paper Co on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.76. Since that recommendation, shares of Intl Paper Co have risen 9.8%. We continue to monitor IP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Intl Paper Co share prices have moved between a 52-week high of $59.57 and a 52-week low of $37.55 and are now trading 22% above that low price at $45.91 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.3%.

Keywords: rebounders intl paper co

Ticker(s): IP