cmacgowan

WRK Breakout | Strong Technicals and Fundamentals

Long
NYSE:WRK   Westrock Company
- Huge surge in online shopping, supported by steady essential end markets such as food, beverages, and health care.
- The company's Injectapak pharmaceutical packaging that houses a series of syringes or vials places it in a position to negotiate a possible deal with firms that develop a successful COVID-19 vaccine.
- Corrugated boxes in short supply for the second month in a row (December ISM Manufacturing PMI)
- Strong growth outlook & Insider buying in December
- Nearing a daily MACD cross, bullish volume on breakout

P/T $50, $54 top of channel

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