pool adsInternational Paper Co (NYSE:IP) Started with Sell at Stock Traders Daily
International Paper Co (NYSE:IP) has been initiated with a sell rating at Stock Traders Daily. Substantial declines in revenues aside, the macroeconomic landscape as that is defined by The Investment Rate does not bode well for stocks, not even ones that have already fallen.
We believe that perceived risks exist in IP and with market turmoil will come additional weakness and potential buyers should wait, and existing shareholders should consider selling.
Currently, based on a number of factors, IP is a sell.
Additional and ongoing evaluations will be made in conjunction with our proprietary macroeconomic work, and updates will be made to subscribers periodically.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Strong | Neutral |
| P1 | 40.00 | 32.47 | 29.39 |
| P2 | 41.16 | 37.41 | 34.55 |
| P3 | 42.43 | 42.13 | 39.66 |
Support and Resistance Plot Chart for IP
Long Term Trading Plans for IP
March 21, 2016, 4:33 pm ET
The technical Summary and associated Trading Plans for IP listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for IP. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
IP - (Long) Support Plan
Buy over 39.66 target n/a stop loss @ 39.4.
The technical summary data tells us to buy IP near 39.66, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 39.4 to protect against excessive loss in case the stock begins to move against the trade. 39.66 is the first level of support below 40.94, and by rule, any test of support is a buy signal. In this case, if support 39.66 is being tested, a buy signal would exist.
IP - (Short) Resistance Plan
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Blue = Current Price
Red= Resistance
Green = Support
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