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Packaging of America Bearish Moving Average Crossover Alert (PKG)

By David Diaz

Packaging of America (NYSE:PKG) shares have crossed bearishly below their 10-day moving average of $66.36 on a volume of 135K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Packaging of America share prices have moved between a 52-week high of $73.60 and a 52-week low of $44.32 and are now trading 49% above that low price at $66.08 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 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