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Bullish Moving Average Cross by Packaging Corp (PKG)

By Amy Schwartz

Today, shares of Packaging Corp (NYSE:PKG) have crossed bullishly above their 10-day moving average of $115.31 on a volume of 119K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Packaging Corp share prices have moved between a 52-week high of $131.13 and a 52-week low of $62.41 and are now trading 88% above that low price at $117.46 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.7%.

SmarTrend is tracking the current trend status for Packaging Corp and will alert subscribers who have PKG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses packaging corp

Ticker(s): PKG