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Weyerhaeuser Co Falls 1.44% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Weyerhaeuser Co (NYSE:WY) traded in a range yesterday that spanned from a low of $26.86 to a high of $27.40. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $26.98 on volume of 818,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Weyerhaeuser Co has traded in a range of $25.75 to $38.39 and is now at $27.13, 5% above that low. The 200-day and 50-day moving averages have moved 0.4% lower and 1.48% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Weyerhaeuser Co on June 21st, 2018 by issuing a Downtrend alert when the shares were trading at $36.00. Since that call, shares of Weyerhaeuser Co have fallen 23.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders weyerhaeuser co

Ticker(s): WY