Packaging Corp. (PKG) has been in a steady uptrend for over a year now. It has only broke the 50 day moving average twice, and both were for only one day. It is near the 50 day as we speak as it remains in the trend it has formed. I see this as a good risk/reward opportunity to purchase or add to the stock with a stop under the 50 day. The one red flag I can notice is that is getting a little sloppier than it was earlier this year (wider and looser price action now versus narrow and tight earlier). Earnings remain strong with a nice dividend to boot!
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February 2015
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