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Packaging Corp Bearish Moving Average Crossover Alert (PKG)

By Nick Russo

Today, shares of Packaging Corp (NYSE:PKG) have crossed bearishly below their 10-day moving average of $121.60 on a volume of 111K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 $104.29 and are now trading 16% above that low price at $120.93 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Packaging Corp on April 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $116.52. Since that recommendation, shares of Packaging Corp have risen 6.1%. We continue to monitor PKG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses packaging corp

Ticker(s): PKG