PKG - Using the Action in Packaging Corp Of America #PKG to our Advantage
Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Packaging Corp Of America (NYSE: PKG) data table below can help you with price action, and we have more details too. Trading plans for PKG are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Strong | |||
| Strong | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 136.29 | |||
| P2 | |||
| 141.87 | |||
| 139.68 | |||
| 144.70 | |||
| P3 | |||
| 143.36 | |||
| 142.64 | |||
| 153.72 |
Long Term Trading Plans for PKG
April 26, 2021, 7:30 am ET
The Technical Summary and Trading Plans for PKG help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this PKG Report.
PKG - (Long) Support Plan
The technical summary data tells us to buy PKG near 136.29 with an upside target of 144.70. This data also tells us to set a stop loss @ 135.9 to protect against excessive loss in case the stock begins to move against the trade. 136.29 is the first level of support below 142.33 , and by rule, any test of support is a buy signal. In this case, support 136.29 would be being tested, so a buy signal would exist.
PKG - (Short) Resistance Plan
The technical summary data is suggesting a short of PKG as it gets near 144.70 with a downside target of 136.29. We should have a stop loss in place at 145.12though. 144.70 is the first level of resistance above 142.33, and by rule, any test of resistance is a short signal. In this case, if resistance 144.70 is being tested, so a short signal would exist.