Ian15

Bearish on IP

Short
NYSE:IP   International Paper Company
Over the 2 weeks, we've been spotting red flags in IP as buyers started to struggle to prop it up, expecting the 44 support to break down soon. Sure enough, we are seeing a clean move downwards the past trading session and I am expecting to see more sellers piling in seeing a target price at the 40 psychological support where some short covering can happen
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