• Return to Headlines

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

By Nick Russo

Packaging Corp (NYSE:PKG) crossed under its 10-day moving average of $101.00 on a volume of 414K shares. This may provide short-term investors a chance 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 $77.90 and a high of $124.70 and are now at $93.40, which is 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.2%.

SmarTrend is tracking the current trend status for Packaging Corp and will alert subscribers who have PKG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses packaging corp

Ticker(s): PKG