After Plunging -13.3% in 4 Weeks, Here's Why the Trend Might Reverse for International Paper (IP)
IPInternational Paper(IP) Zacks Investment Research·2024-04-29 22:36

A downtrend has been apparent in International Paper (IP) lately with too much selling pressure. The stock has declined 13.3% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicat ...