International Paper $IP Technical Update – Stock Traders Daily

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International Paper $IP Technical Update

The International Paper (NYSE: IP) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for IP, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Weak Neutral Neutral
P1 50.25 48.55 45.30
P2 51.25 51.21 50.81
P3 51.97 53.87 56.34

Long Term Trading Plans for IP

September 6, 2018, 5:00 am ET

The Technical Summary and Trading Plans for IP help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this IP Report.

IP – (Long) Support Plan

Buy over 50.81 target 56.34 stop loss @ 50.55.
The technical summary data tells us to buy IP near 50.81 with an upside target of 56.34. This data also tells us to set a stop loss @ 50.55 to protect against excessive loss in case the stock begins to move against the trade. 50.81 is the first level of support below 51.44 , and by rule, any test of support is a buy signal. In this case, support 50.81 is being tested, a buy signal would exist.

IP – (Short) Resistance Plan

Short under 56.34 target 50.81 stop loss @ 56.6
The technical summary data is suggesting a short of IP as it gets near 56.34 with a downside target of 50.81. We should have a stop loss in place at 56.6 though. 56.34 is the first level of resistance above 51.44, and by rule, any test of resistance is a short signal. In this case, if resistance 56.34 is being tested, a short signal would exist.

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