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Watch for Graphic Packagin to Potentially Rebound After Falling 3.27% Yesterday

By Nick Russo

Graphic Packagin (NYSE:GPK) traded in a range yesterday that spanned from a low of $12.60 to a high of $12.73. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $12.73 on volume of 3.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Graphic Packagin share prices have moved between a 52-week high of $16.61 and a 52-week low of $10.04 and are now trading 26% above that low price at $12.70 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.5%.

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