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$IP | ($IP) On The My Stocks Page (IP)

By Thomas Kee

$IP | ($IP) On The My Stocks Page (IP)

Our Signals help define rules-based Trading Plans predicated on the Basic Rules of Tehnical Analysis. Take a trial, review our Index ETF Signals, macro, more...

December 22, 2024, 00:42 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The technical summary data tells us to buy IP near 50.49 with an upside target of 54.72. This data also tells us to set a stop loss @ 50.34 to protect against excessive loss in case the stock begins to move against the trade. 50.49 is the first level of support below 54.45 , and by rule, any test of support is a buy signal. In this case, support 50.49 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of IP as it gets near 54.72 with a downside target of 50.49. We should have a stop loss in place at 54.88though. 54.72 is the first level of resistance above 54.45, and by rule, any test of resistance is a short signal. In this case, if resistance 54.72 is being tested, so a short signal would exist.

If 54.82 begins to break higher, the technical summary data tells us to buy IP just slightly over 54.82, with an upside target of 58.94. The data also tells us to set a stop loss @ 54.66 in case the stock turns against the trade. 54.82 is the first level of resistance above 54.45, and by rule, any break above resistance is a buy signal. In this case, 54.82, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

The technical summary data is suggesting a short of IP if it tests 54.82 with a downside target of 53.34. We should have a stop loss in place at 54.98 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 54.82, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

If 54.82 begins to break higher, the technical summary data tells us to buy IP just slightly over 54.82, with an upside target of 58.94. The data also tells us to set a stop loss @ 54.69 in case the stock turns against the trade. 54.82 is the first level of resistance above 54.45, and by rule, any break above resistance is a buy signal. In this case, 54.82, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

The technical summary data is suggesting a short of IP if it tests 54.82 with a downside target of 54.04. We should have a stop loss in place at 54.95 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 54.82, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for International Paper Company (IP) available here: IP.

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Trading or Investing in International Paper Company (NYSE: IP) involves an observation of the technicals, every time. This data reveals the current technicals.

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