• 100% technical buy signals
• 10 new highs and up 7.12% in the last month
• 87.79+ Weighted Alpha

The Chart of the Day belongs to the paper products company WestRock (WRK). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 5/3 the stock gained 7.00%.

(Click on image to enlarge)

WRK Price vs Daily Moving Averages

WestRock Company, together with its subsidiaries, provides fiber-based paper and packaging solutions in North America, South America, Europe, Asia, and Australia. It operates through four segments: Corrugated Packaging, Consumer Packaging, Global Paper, and Distribution. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers. It also provides structural and graphic design, engineering services and custom, and proprietary and standard automated packaging machines; turn-key installation, automation, line integration, and packaging solutions; machinery solution that creates pouches; and pack temporary displays, as well as lithographic laminated packaging products. The Consumer Packaging segment manufactures and sells folding cartons that are used to package food, paper, beverages, dairy products, confectionery, health and beauty, and other household consumer products, as well as express mail packages for the overnight courier industry. It also offers inserts and labels, as well as rigid packaging and other printed packaging products, such as transaction cards, brochures, product literature, marketing materials, and grower tags, and plant stakes; and paperboard packaging for over-the-counter and prescription drugs. In addition, this segment manufactures and sells solid fiber and corrugated partitions, and die-cut paperboard components. The Global Paper segment manufactures containerboard, paperboard, and specialty grades primarily to corrugated packaging, folding carton, food service, liquid packaging, tobacco, and commercial print markets. The Distribution segment distributes corrugated packaging materials and other specialty packaging products, including stretch films, void fills, carton sealing tapes, and other specialty tapes; and provides contract packing services. The company is based in Atlanta, Georgia.

Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 87.79+ Weighted Alpha
• 89.90% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 7.12% in the last month
• Relative Strength Index 68.86%
• Technical support level at $52.89
• Recently traded at $54.74 with 50 day moving average of $50.19

Fundamental Factors:

• Market Cap $13.79 billion
• P/E 23.69
• Dividend yield 2.21%
• Revenue expected to grow 4.60% next year
• Earnings estimated to increase 66.50% next year 

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analysts issued 5 strong buy, 6 buy and 6 hold recommendations
• Analysts have price targets between $49 and $57
• Value Line rates the stock an average rating of  3
• CFRAs MarketScope has a 3 star hold and a price target of $53
• MorningStar gives the stock an average 3 star rating with a Fair Value of $55
• 19,190 investors monitor the stock on Seeking Alpha

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