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Bullish Moving Average Cross by Weyerhaeuser (WY)

By David Diaz

Weyerhaeuser (NYSE:WY) shares have crossed bullishly above their 10-day moving average of $34.67 on a volume of 815K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Weyerhaeuser share prices have been bracketed by a low of $22.06 and a high of $35.18 and are now at $34.81, 58% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.1%.

SmarTrend recommended that subscribers consider buying shares of Weyerhaeuser on January 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.99. Since that recommendation, shares of Weyerhaeuser have risen 7.8%. We continue to monitor WY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses WeyerHaeuser

Ticker(s): WY