International Paper Company

IP Approaching key resistance zone

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Share price has now closed above the long term down ward trend line off the peak price in 2018.

Its approaching a key resistance zone which did not breach in early June. A crossing of this zone (two dashed red lines) should lead the price higher to the $40 range.

Combined with upcoming earnings and a continued sector rotation out of Tech and into industrial and 'value" stocks I have a optimistic view of this happening. Have moved my SL up from break even.

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