Packaging Corp. (PKG) Loses -6.1% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
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Packaging Corp. (PKG) has seen a 6.1% decline over the past four weeks, but it is now technically oversold. This, along with upward revisions in earnings estimates by analysts, suggests a potential trend reversal.
December 19, 2024 | 3:45 pm
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Packaging Corp. (PKG) has experienced a 6.1% decline in the past four weeks, but is now considered oversold. Analysts are revising earnings estimates upwards, suggesting a potential trend reversal.
The stock's oversold status indicates that the selling pressure may have exhausted, and the upward revision of earnings estimates by analysts suggests improved future performance. These factors combined point towards a potential positive price movement in the short term.
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