Shares of Potlatch Rise Above Previous 52-Week High
Shares of Potlatch (NYSE:PCH) traded today at $44.64, breaking its 52-week high. So far today approximately 63,000 shares have been exchanged, as compared to an average 30-day volume of 322,000 shares.
Potlatch (NYSE:PCH) is currently priced 15.9% above its average consensus analyst price target of $37.33. Potlatch shares have support at the 50-day moving average (MA) of $40.73 and additional support at the 200-day MA of $36.02.
Potlatch share prices have moved between a 52-week high of $44.64 and a 52-week low of $28.02 and are now trading 58% above that low price at $44.39 per share. The 200-day and 50-day moving averages have moved 0.93% higher and 1.30% higher over the past week, respectively.
Potlatch Corporation is a real estate investment trust that owns timberlands in Arkansas, Idaho, Minnesota and Wisconsin. The Company grows and harvests timber, as well as manufactures and sells wood products, printing papers, and other pulp-based products. Potlatch's timberlands and all of its manufacturing facilities are located in the continental United States.
SmarTrend recommended that subscribers consider buying shares of Potlatch on August 17th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.55. Since that recommendation, shares of Potlatch have risen 25.3%. We continue to monitor PCH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows potlatch