International Paper moves in a horizontal channel

10 june 2022 56
Maria_Yudina
Maria_Yudina

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Since April International Paper has been moving in a horizontal channel: support was formed near the level of 46.25, resistance - at 49.3. Yesterday International Paper stock price reached the lower border of the channel, going beyond the lower Bollinger Band. The DeMarker indicator entered the oversold zone. We expect International Paper stock price to grow soon towards the upper border of the channel. 

Maria_Yudina
Maria_Yudina

Listed among the best MarketCheese authors
1st in the segment "US stocks"
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