Chart of the Day: Amcor (AMCR)

Since hitting its 52-week low on March 16th, Amcor (AMCR) has almost doubled and is now nearing a key resistance level…

Amcor (AMCR) is a global plastics packaging company that works with leading companies to produce packaging for food, beverages, personal care products, and more. The company struggled when many businesses shut down production due to the pandemic, but could benefit as the economy starts to reopen. AMCR has estimated EPS growth for the current year of 95.1%.

Take a look at the 1-year chart of AMCR below with added notations…

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