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4 Stocks Rising on Unusual Volume

Packaging Corp. of America

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Packaging Corp. of America (PKG - Get Report) is a producer of containerboard and corrugated products in the U.S. This stock closed up 1.8% at $36.26 on Tuesday.

Tuesday's Volume: 2.8 million

Average Volume: 970,234

Volume % Change: 188%

>>5 Rocket Stocks to Buy This Week

From a technical perspective, PKG bounced notably higher here right around some previous support at $34 with above-average volume. This move briefly pushed PKG into breakout territory, since the stock challenged some near-term overhead resistance at $36.68. Shares of PKG hit an intraday high of $36.96 and volume was well above its three-month average action of 936,914 shares.

Traders should now look for long-biased trades in PKG as long as it's trending above its 50-day at $33.19, and then once it sustains a move or close above $36.68 to $36.96 with volume that registers near or above 936,914 shares. If PKG can maintain that trend, and trigger that breakout soon, then this stock will have a great chance of trading north of $40 in the near future.
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AVG $19.80 0.00%
IMH $14.20 0.00%
MSCI $75.94 0.00%
PKG $64.88 0.00%
AAPL $93.74 0.00%


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