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Look for Shares of Weyerhaeuser Co to Potentially Rebound after Yesterday's 1.32% Sell Off

By Shiri Gupta

Weyerhaeuser Co (NYSE:WY) traded in a range yesterday that spanned from a low of $24.47 to a high of $25.22. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $24.58 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Weyerhaeuser Co share prices have been bracketed by a low of $20.52 and a high of $38.39 and are now at $24.73, 21% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Weyerhaeuser Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Weyerhaeuser Co in search of a potential trend change.

Keywords: rebounders weyerhaeuser co

Ticker(s): WY