HaseebKhan_90

Is $GPK ready to push higher?

Long
NYSE:GPK   Graphic Packaging Holding Company
Notes:
* Strong up trend on all time frames
* Good earnings in the recent quarters
* Pays out dividends
* Recently bounce off of its 200 day line and now pushing off of its 50 day line
* Also printed a Pocket Pivot indicating institutional demand

Technicals:
Sector: Consumer Cyclical - Packaging & Containers
Relative Strength vs. Sector: 1.2
Relative Strength vs. SP500: 1.37
U/D Ratio: 1.46
Base Depth: 17.74%
Distance from breakout buy point: -4.42%
Volume 54.56% above its 15 day avg .

Trade Idea:
* You can enter now as the price seems to be pushing higher from the 50 day line and is currently offering a low risk entry
* If you're looking for a better entry you can look for one around the $21.10 area

* This stock usually has local tops when the price closes around 8.52% above its 50 EMA
* Consider selling into strength if the price closes 8.32% to 8.72% (or higher) above its 50 EMA
* The last closing price is 3.59% away from its 50 EMA

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.