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Intl Paper Co Set to Possibly Rebound After Yesterday's Selloff of 5.54%

By David Diaz

Intl Paper Co (NYSE:IP) traded in a range yesterday that spanned from a low of $44.01 to a high of $44.56. Yesterday, the shares fell 5.5%, which took the trading range below the 3-day low of $46.91 on volume of 4.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

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 18% above that low price at $44.47 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

Keywords: rebounders intl paper co

Ticker(s): IP