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IP Crosses Above Key Moving Average Level

By Dividend Channel Staff, Thursday, July 12, 3:54 PM ET
Now Playing: Learn About The 200 DMA


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In trading on Thursday, shares of International Paper Co. (NYSE:IP) crossed above their 200 day moving average of $30.27, changing hands as high as $30.33 per share. International Paper Co. shares are currently trading up about 1.8% on the day. The chart below shows the one year performance of IP shares, versus its 200 day moving average:

International Paper Co. 200 Day Moving Average Chart

Looking at the chart above, IP's low point in its 52 week range is $21.55 per share, with $36.50 as the 52 week high point — that compares with a last trade of $30.25.


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According to the ETF Finder at ETF Channel, IP makes up 4.26% of the Guggenheim Timber ETF (AMEX:CUT) which is trading lower by about 0.5% on the day Thursday.

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