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Benzinga
Benzinga
Business
Mark Putrino

Stock Of The Day: Reversal Time For Amcor?

Amcor Amcor PLC NYSE
Creative,Glowing,Candlestick,Forex,Chart,On,Dark,Backdrop.,Finance,Growth

Shares of Amcor plc (NYSE:AMCR) are little changed on Tuesday. This follows a significant decline that was triggered by a weak earnings report.

Some traders are anticipating a reversal and move higher. Amcor, currently oversold, is approaching a possible support level. These can each be bullish dynamics. This is why it is our Stock of the Day.

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