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Packaging Corporation of America (PKG) produces and sells containerboard and corrugated products in the United States. Its corrugated packaging products, include conventional shipping containers used to protect and transport manufactured goods; and multi-color boxes and displays with strong that help to merchandise the packaged product in retail locations. The company also offers meat boxes and wax-coated boxes for the agricultural industry. Packaging Corporation sells its products through direct sales and marketing organization. We are now hearing rumors of good news for this stock. One of the rumors states that when the firm report earnings on August 15th, the results will be much better than the Street expects. Shares are heading higher in a bullish "flag" and are expected to move higher in this formation. The stock has a 52-week trading range of $21.05 - $31.00. Shares last traded at $30.19. Should you decide to take a position, wait for the morning volatility to wear off and use a stop-loss of $48.51 (five percentage points below your purchase price.) Be sure to use a limit orderand not a market order. Keep in mind that our price target is 10% higher than your purchase price.
