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Look for Shares of Graphic Packagin to Potentially Rebound after Yesterday's 1.85% Sell Off

By James Quinn

Graphic Packagin (NYSE:GPK) traded in a range yesterday that spanned from a low of $13.30 to a high of $13.59. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $13.41 on volume of 2.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Graphic Packagin have traded between a low of $10.04 and a high of $15.33 and are now at $13.30, which is 32% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

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

Keywords: rebounders graphic packagin

Ticker(s): GPK