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Packaging of America Bullish Moving Average Crossover Alert (PKG)

By Nick Russo

Packaging of America (NYSE:PKG) shares have crossed bullishly above their 10-day moving average of $80.78 on a volume of 124K shares. Swing traders may find an opportunity 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 $44.32 and a high of $82.77 and are now at $81.93, 85% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.7%.

SmarTrend recommended that subscribers consider buying shares of Packaging of America on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.21. Since that recommendation, shares of Packaging of America have risen 14.8%. We continue to monitor PKG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses packaging of america

Ticker(s): PKG