Packaging Corp of America

PKG is in a Stage 2 advancing corrective reset within its broader uptrend, exhibiting higher highs and higher lows. Price recently held above rising 9/21 EMAs and the 50 DMA on pullbacks and has bounced back above, confirming continued demand. The medium-term bias remains bullish given the strong corrective leg and supportive volume behavior. Short-term execution is favorable as price returns to dynamic support, offering a constructive entry. Execution is Buy Now on pullbacks into the rising EMAs or 50 DMA area. Key risks include flattening EMA slopes, potential false exhaustion at highs, and transition to Stage 3 if support fails.

• ↑Q1 revenue $2.37 bn (+10.6% YoY) and net income $171 mn
• ↑Adjusted EPS $2.40 vs guide $2.20, fueled by efficiency gains
• ↓Complex Greif integration demands heavy resources, may hamper output