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Weyerhaeuser Crosses Below its 10-day MA (WY)

By James Quinn

Weyerhaeuser (NYSE:WY) crossed under its 10-day moving average of $31.37 on a volume of 640K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Weyerhaeuser have traded between a low of $22.06 and a high of $33.17 and are now at $31.20, which is 41% above that low price. The 200-day and 50-day moving averages have moved 0.08% higher and 2.11% higher over the past week, respectively.

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

Keywords: moving crosses WeyerHaeuser

Ticker(s): WY