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Stocks Generating Improved Relative Strength: Packaging Corporation Of America

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On Monday, Packaging Corporation Of America ( PKG ) received an upgrade to its Relative Strength ( RS ) Rating , from 70 to 73.

[ibd-display-video id=2531707 width=50 float=left autostart=true] This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.

Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they launch their largest price moves. See if Packaging Corporation Of America can continue to rebound and clear that threshold.

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Packaging Corporation Of America is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could kick off a new climb.

While the company's top line growth fell last quarter from 12% to 11%, the bottom line grew 29%, up from 22% in the previous report.

Packaging Corporation Of America holds the No. 3 rank among its peers in the Paper & Paper Production industry group. Albany International ( AIN ) is the top-ranked stock within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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