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Shares of Weyerhaeuser Co Has Fallen Below Previous 52-Week Low

By James Quinn

Weyerhaeuser Co (NYSE:WY) traded today at a new 52-week low of $32.91. Approximately 315,000 shares have changed hands today, as compared to an average 30-day volume of 2.9 million shares.

In the past 52 weeks, Weyerhaeuser Co share prices have been bracketed by a current low of $32.91 and a high of $38.39 and are now at $32.99. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has remained constant.

Weyerhaeuser Company is an integrated forest products company with offices and operations worldwide. The Company primarily grows and harvests trees, develops and construct real estate, and makes a range of forest products. Weyerhaeuser is also classified as a REIT.

Weyerhaeuser Co has overhead space with shares priced $32.99, or 11.5% below the average consensus analyst price target of $37.29. The stock should run into initial resistance at its 50-day moving average (MA) of $34.59 and subsequent resistance at its 200-day MA of $35.59.

SmarTrend recommended that its subscribers protect gains by selling shares of Weyerhaeuser Co on June 21st, 2018 by issuing a Downtrend alert when the shares were trading at $36.00. Since that call, shares of Weyerhaeuser Co have fallen 8.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows weyerhaeuser co

Ticker(s): WY