Bullish Two Hundred Day Moving Average Cross - IP

By DividendChannel.com,

Shutterstock photo

In trading on Friday, shares of International Paper (Symbol: IP) crossed above their 200 day moving average of $46.77, changing hands as high as $46.86 per share. International Paper Co. shares are currently trading up about 0.5% 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 $42.36 per share, with $50.33 as the 52 week high point - that compares with a last trade of $46.80.

According to the ETF Finder at ETF Channel, IP makes up 4.58% of the Guggenheim Timber ETF (Symbol: CUT) which is trading higher by about 0.8% on the day Friday.

Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Options
Referenced Stocks: IP , CUT

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