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Shares of Packaging Corp Exhibit Possible Trend Reversal as it Trades Higher (PKG)

By Amy Schwartz

The price of Packaging Corp shares has climbed to $90.02 (a 1.2% change) on heavy trading volume. About 939,000 shares have been traded today, as compared to the 30-day average volume of 789,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of Packaging Corp on September 26th, 2018 by issuing a Downtrend alert when the shares were trading at $112.15. Since that call, shares of Packaging Corp have fallen 20.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Packaging Corp has traded in a range of $88.93 to $131.13 and is now at $89.70, 1% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.9%.

Keywords: unusual volume packaging corp

Ticker(s): PKG