For Traders from Club iNSIDER: Huge Buy In volume and 4x increase in call options at…

***STOCK CAN BE TRADED ON THE VARCHEV ABSOLUTE TRADER PLATFORM***

A heavily lagging Mid Cap dividend stock from the Consumer Cycle sector, part of the portfolios of some of Wall Street’s biggest players, is the primary focus of aggressive traders today.

Massive Buy In Money Flow and 4x growth in call options have sent the stock up over 7% in today’s session, but it looks like the upside potential will unfold first, with ATH levels around 80% above the current market price.

-The company manufactures and sells packaging and pulp products based on renewable fibers in North America, Latin America, Europe and North Africa. It operates in two segments, Industrial Packaging and Global Cellulose Fibers and has over 100 years of experience. history. -In Q4 2023 Paul Tudor Jones and Jim Simons added it to their portfolios, and Ray Dalio increased his exposure to the company.

The big technical picture shows the serious investor interest in the last 2 months.

International Paper – Weekly Chart
– Retested breakout of the main resistance of the Short trend with a corrective Long trend channel formed.
-DeMarker Oscillator is heading towards overbought levels
-Sequential starts a new ascending print
-Break of 50MA and 23.6FIBO
– Serious volume growth in the last 2 months hint at a large positioning around the current levels.

International Paper – Daily Chart
-5th consecutive winning session trading above 65MA and 200MA and huge volume growth in today’s session
-DeMarker Oscillator is entering overbought
-Sequential in ascending printing.
-We are monitoring for positioning opportunities upon retesting the 65MA and 200MA breakouts.

Fundamental:
-Expects in the second half of the current year the negative trend in revenues and sales to reverse and to see a serious recovery in Q4 of 2024. and all of 2025 – support for long-term bullish scenarios.
-The shares also pay a nearly 5% dividend, which makes them attractive for long-term investors, in conditions of a slowing economic pace.

Bank Sentiment:
-Hold ratings still dominate, but the current month saw a sharp jump in buy ratings, breaking the negative streak of a smooth decline over the past 4 months.
-12m ​​price target is only 0.9% above the current market price, after the shares have increased in price by 27.6% this year

In conclusion:
We are watching for the possibility of a long-term Long positioning around the $36 /65MA/ and $35.5 /200MA/ levels with an exported SL below the $29 / level in order to avoid unwanted trading. The idea here is long-term positioning over 1 year.

Alternatively: A break and close below $29 would mark a new absolute low and the long-term Short trend remains in place.

***INTERNATIONAL PAPER SHARES CAN BE TRADED ON THE VARCHEV ABSOLUTE TRADER PLATFORM***