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Weyerhaeuser Co Bullish Moving Average Crossover Alert (WY)

By Amy Schwartz

Weyerhaeuser Co (NYSE:WY) shares have crossed bullishly above their 10-day moving average of $35.17 on a volume of 805K 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 Co share prices have been bracketed by a low of $26.55 and a high of $37.89 and are now at $35.30, 33% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.1%.

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

Keywords: moving crosses weyerhaeuser co

Ticker(s): WY