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Weyerhaeuser Bullish Moving Average Crossover Alert (WY)

By James Quinn

Today, shares of Weyerhaeuser (NYSE:WY) have crossed bullishly above their 10-day moving average of $29.06 on a volume of 1.2 million 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.

Weyerhaeuser share prices have moved between a 52-week high of $33.11 and a 52-week low of $22.06 and are now trading 33% above that low price at $29.26 per share. 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 its subscribers protect gains by selling shares of Weyerhaeuser on May 17th, 2016 by issuing a Downtrend alert when the shares were trading at $30.81. Since that call, shares of Weyerhaeuser have fallen 7.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses WeyerHaeuser

Ticker(s): WY