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Rayonier Bullish Moving Average Crossover Alert (RYN)

By David Diaz

Rayonier (NYSE:RYN) crossed over its 10-day moving average of $27.82 on a volume of 172K 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.

Over the past year, Rayonier has traded in a range of $17.85 to $29.86 and is now at $28.09, 57% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has remained constant.

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

Keywords: moving crosses rayonier

Ticker(s): RYN