Packaging Corporation of America has provided bullish momentum in recent days. But what about the dividend-rich company?
Packaging Corporation of America is an American manufacturing company headquartered in Lake Forest, Illinois. The company employs around 15,500 people and operates mainly in the USA. The CEO is Mark W. Kowlzan.
With the rise to EUR 119.00, Packaging Of American shares crossed the 50-day line to the upside on Jan. 13, 2022.
Packaging Corp. of America shares are now in medium- and long-term downtrends, but short-term uptrends as the price crossed the 20-day line yesterday. However, clear downtrends at all time horizons are now within reach as the price would only need to fall 1.34 percent to cross the 20-day GD at 117.40 to the downside.
The share is currently trading at $137.31, almost 12 percent below its all-time high.
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