International Paper Co (IP): Price Now Near $53.85; Daily Chart Shows An Uptrend on 100 Day Basis
Get Ratings)’s price is up $0.42 (0.79%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trader with a preference for rangebound markets, you may wish to note that there
isn’t a clear trend on the 20, 50 and 100 hour timeframes. Most noteworthy in the world of moving averages on the hourly chart is that the
100 and 200 hour moving averages have been crossed, with price now being
above them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential