Bullish Moving Average Cross by Packaging of America (PKG)
Today, shares of Packaging of America (NYSE:PKG) have advanced above their 10-day MA of $67.38 on a volume of 140K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Packaging of America share prices have been bracketed by a low of $47.50 and a high of $75.10 and are now at $67.50, 42% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has risen 0.4%.
SmarTrend is tracking the current trend status for Packaging of America and will alert subscribers who have PKG in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses packaging of america