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$IP International Paper Co. on verge of breakout

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NYSE:IP   International Paper Company
Entry level $47.88 = Target price $53.53 = Stop loss $46.55
Stock on the verge of breaking out from congestion phase.
Bullish golden cross.
P/E ratio 13.78
Yield 4.43%
3.26 short interest.
International Paper Co. engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. The Global Cellulose Fibers segment offers cellulose fibers product portfolio includes fluff, market, and specialty pulps. The Printing Papers segment includes manufacturing of the printing and writing papers. The company was founded by Hugh J. Chisholm in 1898 and is headquartered in Memphis, TN.

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