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Bullish Moving Average Cross by Packaging of America (PKG)

By Nick Russo

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

Ticker(s): PKG