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Bullish Moving Average Cross by Kapstone Paper A (KS)

By Shiri Gupta

Kapstone Paper A (NYSE:KS) shares have crossed bullishly above their 10-day moving average of $22.35 on a volume of 136K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Kapstone Paper A share prices have been bracketed by a low of $12.14 and a high of $24.98 and are now at $22.57, 86% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 3.8%.

SmarTrend is tracking the current trend status for Kapstone Paper A and will alert subscribers who have KS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses kapstone paper a

Ticker(s): KS