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For today's chart we've chosen to take a look at International Paper Co. (NYSE:IP) because it is trading near the combined resistance of its 200-day moving average and an ascending trendline. The nearby resistance may cause many bullish traders to remain cautious because recent price action is suggesting that the trend is in the process of changing directions. Given the over head resistance, we'll keep a bearish outlook on this stock until the price closes above the long-term moving average (currently at $36.04)


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