KapStone Paper and Packaging
KapStone Paper and Packaging (KS - Get Report) is an integrated manufacture and sale of unbleached kraft paper and corrugated products for industrial and consumer markets. This stock is trading up 8% at $20.93 in recent trading.
Today's Volume: 544,000Average Volume: 257,912 Volume % Change: 287% From a technical perspective, KS is gapping sharply higher here with heavy volume. This move is quickly pushing KS within range of triggering a near-term breakout trade. That trade will hit once KS manages to clear some near-term overhead resistance at $21.37 with high volume. Traders should now look for long-biased trades in KS once it sustains a move or close over $21.37 with volume that's near or above 257,912 shares. If that breakout triggers soon, then KS will have a great chance of hitting $25 or higher in the near future.
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