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Bearish Moving Average Cross by Rayonier Inc (RYN)

By James Quinn

Today, shares of Rayonier Inc (NYSE:RYN) have crossed bearishly below their 10-day moving average of $34.27 on a volume of 247K 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 $28.25 to $39.73 and is now at $34.03, 20% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Rayonier Inc on July 18th, 2018 by issuing a Downtrend alert when the shares were trading at $36.24. Since that call, shares of Rayonier Inc have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses rayonier inc

Ticker(s): RYN