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Bearish Moving Average Cross by Rayonier Inc (RYN)

By David Diaz

Rayonier Inc (NYSE:RYN) shares have crossed bearishly below their 10-day moving average of $28.82 on a volume of 172K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Rayonier Inc has traded in a range of $25.92 to $32.92 and is now at $26.91, 4% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for Rayonier Inc and will alert subscribers who have RYN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses rayonier inc

Ticker(s): RYN