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Rayonier Trading Higher Today on Above-Average Volume, Consistent With Trend (RYN)

By Nick Russo

Rayonier shares are trading on heavy volume today, having risen 0.7% to $28.00. Approximately 434,000 shares have changed hands today vs. average 30-day volume of 420,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Rayonier on October 31st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.92. Since that recommendation, shares of Rayonier have risen 3.3%. We continue to monitor RYN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Rayonier has traded in a range of $17.85 to $29.86 and is now at $27.98, 57% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

Keywords: unusual volume rayonier

Ticker(s): RYN