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SmarTrend Watching for Potential Pullback in Shares of Graphic Packagin After 4.11% Gain

By James Quinn

Graphic Packagin (NYSE:GPK) traded in a range yesterday that spanned from a low of $14.32 to a high of $15.00. Yesterday, the shares gained 4.1%, which took the trading range above the 3-day high of $14.35 on volume of 3.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Graphic Packagin share prices have been bracketed by a low of $11.95 and a high of $16.74 and are now at $14.81, 24% above that low price. The 200-day and 50-day moving averages have moved 0.28% lower and 0.81% higher over the past week, respectively.

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 6.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders graphic packagin

Ticker(s): GPK