Entry level $43.26 = Target price $47.13 = Stop loss $42.15
Upgraded to overweight from equal weight by Wells Fargo with $52 price target.
Yield very reasonable at 4.23%.
P/E ratio 12.12
WestRock Co. engages in the provision of paper and packaging solutions. It operates through the following segments: Corrugated Packaging, Consumer Packaging, and Land and...
amazing bottoming formation here on WRK
after a long downtrend stock bottomed at 32$ creating double bottom.
40$ acted as resistance several times now acting as support.
momentum is improving MACD looking bullish
Entry level $40.71 = Target price $45.00 = stop loss $39.00
WestRock rating change at BofA/Merrill WestRock upgraded to Buy from Neutral at BofA/Merrill. BofA/Merrill analyst George Staphos upgraded WestRock to Buy from Neutral with a $48 price target. The analyst notes that his takeaway from investor events attended last week suggests that the macro and sector...
Chart Analyse
Westrock WRK is testing a low around Fibonacci 78.6 / 86 zone.
There is no decision made but the chance is there that it can brake the downtrend and turn to the upside.
If the last low holds the chart has formed a good longterm trend line for the future.
For me a good time to watch the next days and weeks and to enter with a small position.
...
WRK – sector consumer goods
Support level: 35
Indicators supporting the proposed direction
Volume is pretty high on its way down
Following it for an entrance under 35.
First target would be 33
This is not a recommendation
More than 2Y uptrend making new highs after taking a second to catch its breath. 2 nice weekly bars with volume, a little RSI and one more volume push would be a full confirmation but this is ripe for long entry w/ half a position.
