Bullish Moving Average Cross by Packaging of America (PKG)
Today, shares of Packaging of America (NYSE:PKG) have crossed bullishly above their 10-day moving average of $53.87 on a volume of 417K shares. Swing traders may find an opportunity 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 $55.79 and a 52-week low of $31.02 and are now trading 75% above that low price at $54.17 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.6%.
SmarTrend recommended that subscribers consider buying shares of Packaging of America on November 23rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.50. Since that recommendation, shares of Packaging of America have risen 47.2%. We continue to monitor PKG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses packaging of america