If you like this idea, please don’t forget to Boost it. Fundamental Indicators: Sector – Consumer Cyclical US Business Cycle Stage – late cycle, when this sector is not favourable Revenue – consistent growth for the past 5 years, although just 6% average annual rate, 2022 TTM Profits – confidently rising since 2020 Net margin – decent 12% ...
PKG is testing the middle line of a larger uptrend This place has been seen as a prior spot of support The prior bull move allows the assumption of a bullish state, and the assumption of continuation above the middle trend line . Moving downward from here out of the Broadening formation is less likely. Daily chart
Packaging Corporation of America, design and manufacture corrugated solutions for your business. 52 week high / breakout
Small description on chart. Chart looks primed for a little run. Fundamentally, the company looks good. I am NOT a financial advisor, this is just my opinion. Please DYODD.
Took a pre-earnings play on PKG with the Feb 145 Call Option as an Ichimoku cloud pullback pattern.
This chart looks like a seasonal play, tax loss season buy with potentially some good high percentage gains. Not the most liquid name so size the position accordingly. Technically speaking looks like a trend reversal, tightening bollinger bands + a MACD cross. Would be nice to get some volume next week to confirm.
PKG expected to open at 74.75 for a Retest Gap. To learn this strategy for free go to www.RealLifeTrading.com
Let's see how this plays out in the next couple weeks. Looking for break above resistance above $70.00.
This stock is a great candidate in fundamentals with a great technical set up, it has used it's 10 week moving average (50 day) for a long time showing buying, the recent correction has created a cup/handle base with a buy at 71.96 area...the potential is at least the bottom of the cup to the handle turned upside down in points 6 points, however it could run much higher