• user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 444478 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1416726103 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1416726103 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

Packaging of America: The Winning Streak Continues (PKG)

Published on Tue, 02/19/2013 - 15:32
By Mallory Stone

Packaging of America (NYSE:PKG) traded today at a new 52-week high of $40.97. So far today approximately 421,000 shares have been exchanged, as compared to an average 30-day volume of 883,000 shares.

Over the past year, Packaging of America has traded in a range of $25.77 to $40.97 and is now at $40.56, 57% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.8%.

Packaging Corp of America manufactures containerboard and corrugated packaging products for use in protecting goods during shipment. The Company also produces multi-color boxes and displays, as well as meat boxes and wax-coated boxes for the agricultural industry.

There is potential upside of 1.9% for shares of Packaging of America based on a current price of $40.56 and an average consensus analyst price target of $41.33. The stock should find initial support at its 50-day moving average (MA) of $38.59 and further support at its 200-day MA of $33.33.

By Mallory Stone
mstone@fnno.com

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