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Shares of Graphic Packagin Has Fallen Below Previous 52-Week Low

By Shiri Gupta

Graphic Packagin (NYSE:GPK) traded at a new 52-week low today of $12.69. This new low was reached on below average trading volume as 290,000 shares traded hands, while the average 30-day volume is approximately 2.9 million shares.

In the past 52 weeks, Graphic Packagin share prices have been bracketed by a current low of $12.69 and a high of $16.74 and are now at $12.71. The 200-day and 50-day moving averages have moved 0.21% lower and 0.54% lower over the past week, respectively.

Graphic Packagin (NYSE:GPK) has potential upside of 45.5% based on a current price of $12.71 and analysts' consensus price target of $18.48. The stock should find initial resistance at its 50-day moving average (MA) of $14.20 and further resistance at its 200-day MA of $14.90.

Graphic Packaging Holding Company is an integrated provider of paperboard and integrated paperboard packaging solutions to multinational beverage and consumer products companies. The Company manufactures folding cartons for frozen and non-frozen food and beverage products.

SmarTrend recommended that its subscribers protect gains by selling shares of Graphic Packagin on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $15.17. Since that call, shares of Graphic Packagin have fallen 16.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows graphic packagin

Ticker(s): GPK