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Westrock Co Set to Possibly Pullback After Yesterday's Rally of 1.45%

By Amy Schwartz

Westrock Co (NYSE:WRK) traded in a range yesterday that spanned from a low of $42.08 to a high of $42.77. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $42.74 on volume of 388,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Westrock Co share prices have moved between a 52-week high of $44.39 and a 52-week low of $31.94 and are now trading 32% above that low price at $42.17 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Westrock Co on October 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.75. Since that recommendation, shares of Westrock Co have risen 14.7%. We continue to monitor WRK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders westrock co

Ticker(s): WRK