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Sappi Ltd. Breaks Below 200-Day Moving Average - Bearish for SPP

By Market News Video Staff, Wednesday, June 15, 4:29 PM ET
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In trading on Wednesday, shares of Sappi Ltd. (AMEX:SPP) crossed below their 200 day moving average of $5.14, changing hands as low as $5.12 per share. Sappi Ltd. shares are currently trading down about 3.2% on the day. The chart below shows the one year performance of SPP shares, versus its 200 day moving average:

Sappi Ltd.  200 Day Moving Average Chart

Looking at the chart above, SPP's low point in its 52 week range is $3.70 per share, with $5.95 as the 52 week high point that compares with a last trade of $5.12.

According to the ETF Finder at ETF Channel, SPP makes up 2.64% of the Guggenheim International Small Cap LDRs ETF (XGC) which is trading lower by about 1.8% on the day Wednesday.

See what other ETFs contain SPP
See what other stocks are held by XGC

SPP operates in the Paper & Forest Products sector, among companies like Buckeye Technologies Inc. (BKI) which is down about 3.4% today, and Louisiana-Pacific Corp. (NYSE:LPX) trading lower by about 3.6%. Below is a three month price history chart comparing the stock performance of SPP, versus BKI and LPX.

SPP,BKI,LPX Relative Performance Chart


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Sappi Ltd. Breaks Below 200-Day Moving Average - Bearish for SPP | Market News Video | Copyright © 2008 - 2016, All Rights Reserved

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