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KapStone Paper and Packaging Crosses Below its 10-day MA (KS)

By James Quinn

KapStone Paper and Packaging (NYSE:KS) shares have crossed bearishly below their 10-day moving average of $19.85 on a volume of 297K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, KapStone Paper and Packaging has traded in a range of $8.95 to $28.98 and is now at $19.57, 119% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.8% while the 200-day MA has slid 1%.

SmarTrend recommended that subscribers consider buying shares of KapStone Paper and Packaging on August 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.32. Since that recommendation, shares of KapStone Paper and Packaging have risen 30.9%. We continue to monitor KS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses kapstone paper and packaging

Ticker(s): KS