Actionable news
0
All posts from Actionable news
Actionable news in PKG: PACKAGING CORP OF AMERICA,

Strong On High Relative Volume: Packaging Corp Of America (PKG)

Trade-Ideas LLC identified Packaging Corp of America ( PKG) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Packaging Corp of America as such a stock due to the following factors:

  • PKG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $51.2 million.
  • PKG has traded 496,990 shares today.
  • PKG is trading at 18.56 times the normal volume for the stock at this time of day.
  • PKG is trading at a new high 6.06% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success. EXCLUSIVE OFFER: Get the inside scoop on opportunities in PKG with the Ticky from Trade-Ideas. See the FREE profile for PKG NOW at...


More