• 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 = 471052 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 >= 1413990908 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 >= 1413990908 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 Makes a Move: Down 1.5%

Published on Wed, 04/03/2013 - 10:34
By Robert Cotter

One of today's stocks on the move is Packaging of America (NYSE:PKG), down 1.5% to $44.34. The Dow Jones Industrial Average is now trading 0.2% lower to 14,628 and the S&P is trading 0.4% lower to 1,564.

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.

In the past 52 weeks, shares of Packaging of America have traded between a low of $25.77 and a high of $45.26 and are now at $44.34, which is 72% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

Based on a current price of $44.34, Packaging of America is currently 2.7% above its average consensus analyst price target of $43.12. The stock should discover initial support at its 50-day moving average (MA) of $41.48 and subsequent support at its 200-day MA of $35.62.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Stock to Watch: Nanosphere Down 36.7% (N...

Nanosphere (NASDAQ:NSPH) is one of today's worst performing penny stocks, down 36.7% to ...

Next Resistance Level for SCANA (SCG) is...

Shares of SCANA (NYSE:SCG) have bullishly opened above the pivot of $52.31 today and ha ...

Watch for Shares of Chubb (CB) to Approa...

Shares of Chubb (NYSE:CB) have bullishly opened above the pivot of $93.63 today and hav ...

Iron Mountain (IRM) Breaks Through Resis...

Shares of Iron Mountain (NYSE:IRM) opened today above their pivot of $33.90 and have al ...

Republic Services (RSG) Crosses Pivot Po...

Republic Services (NYSE:RSG) has opened bullishly above the pivot of $38.60 today and h ...

Watch for Shares of People's United Fina...

People's United Financial (NASDAQ:PBCT) has opened bullishly above the pivot of $14.15 ...

Ryder System (R) Breaks Through Support ...

Shares of Ryder System (NYSE:R) have bearishly opened below the pivot of $86.21 today a ...

Coach (COH) Breaks Through Resistance at...

Coach (NYSE:COH) has opened bullishly above the pivot of $35.38 today and has reached t ...