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SmarTrend Watching for Potential Rebound in Shares of Intl Paper Co After 1.14% Loss

By David Diaz

Intl Paper Co (NYSE:IP) traded in a range yesterday that spanned from a low of $42.28 to a high of $43.79. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $42.69 on volume of 1.8 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.

In the past 52 weeks, shares of Intl Paper Co have traded between the current low of $42.33 and a high of $66.94 and are now at $42.42. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 0.5%.

Keywords: rebounders intl paper co

Ticker(s): IP