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Possible Trend Reversal, Intl Paper Co Down on Heavy Volume (IP)

By James Quinn

The price of Intl Paper Co shares has slipped to $44.01 (a 6.5% change) on heavy trading volume. Approximately 2.8 million shares have changed hands today vs. average 30-day volume of 2.6 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

In the past 52 weeks, Intl Paper Co share prices have been bracketed by a low of $37.55 and a high of $59.57 and are now at $44.56, 19% above that low price. 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: unusual volume intl paper co

Ticker(s): IP