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Bullish Moving Average Cross by Packaging of America (PKG)

By David Diaz

Today, shares of Packaging of America (NYSE:PKG) have advanced above their 10-day MA of $77.32 on a volume of 398K 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.

Packaging of America share prices have moved between a 52-week high of $84.88 and a 52-week low of $57.06 and are now trading 36% above that low price at $77.57 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

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

Ticker(s): PKG