Weyerhaeuser Crosses Below its 10-day MA (WY)
Weyerhaeuser (NYSE:WY) shares have crossed bearishly below their 10-day moving average of $32.05 on a volume of 1.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Weyerhaeuser share prices have been bracketed by a low of $22.06 and a high of $33.11 and are now at $31.63, 43% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.7%.
SmarTrend recommended that subscribers consider buying shares of Weyerhaeuser on February 24th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.69. Since that recommendation, shares of Weyerhaeuser have risen 30.8%. We continue to monitor WY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses WeyerHaeuser