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Graphic Packaging Holding Bearish Moving Average Crossover Alert (GPK)

By David Diaz

Graphic Packaging Holding (NYSE:GPK) shares have crossed bearishly below their 10-day moving average of $13.52 on a volume of 5.8 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Graphic Packaging Holding share prices have been bracketed by a low of $10.71 and a high of $15.28 and are now at $12.96, 21% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.8%.

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

Keywords: moving crosses graphic packaging holding

Ticker(s): GPK