Packaging Corporation of America (PKG)

Packaging Corporation of America is trading at $246.99, up 3.34% on the session. The 50 day average sits at $238.67 and the 200 day at $227.70, which puts the stock in a uptrend. RSI is at 54.5, which reads as neutral, and MACD is bullish crossover. Volume is volume spike.

The nearest support is around $228.84 with resistance near $238.17, so that band frames the current range. Average daily movement is roughly $4.75, or about 1.9% of the share price, which is what any stop placement has to allow for. The overall health score of 76 out of 100 combines a trend score of 77, momentum of 72 and a risk score of 78.

Packaging Corporation of America manufactures and sells containerboard and uncoated freesheet (UFS) paper products in North America. The company operates through Packaging and Paper segments. The Packaging segment offers various linerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products. This segment sells its corrugated products through a direct sales and marketing organization. The Paper segment manufactures and sells commodity and specialty papers, as well as communication papers, including cut-size office papers, and printing and converting papers; and white papers. This segment sells papers through its sales and marketing organization. Packaging Corporation of America was founded in 1867 and is headquartered in Lake Forest, Illinois.