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Packaging Corp Crosses Below its 10-day MA (PKG)

By David Diaz

Today, shares of Packaging Corp (NYSE:PKG) have fallen below their 10-day MA of $111.41 on a volume of 142K 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.

In the past 52 weeks, shares of Packaging Corp have traded between a low of $106.49 and a high of $131.13 and are now at $110.63, which is 4% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Packaging Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Packaging Corp in search of a potential trend change.

Keywords: moving crosses packaging corp

Ticker(s): PKG