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Weyerhaeuser Co (WY) Approaches New Downside Target of $26.43

By Shiri Gupta

Shares of Weyerhaeuser Co (NYSE:WY) have bearishly opened below the pivot of $26.87 today and have reached the first support level of $26.63. Analysts will be watching for a cross of the next downside pivot targets of $26.43 and $25.99.

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 $26.60, 30% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

Weyerhaeuser Co has overhead space with shares priced $26.60, or 28.7% below the average consensus analyst price target of $37.29. Weyerhaeuser Co shares should encounter resistance at the 200-day moving average (MA) of $28.80 and support at the 50-day MA of $25.89.

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

Keywords: pivot alerts weyerhaeuser co

Ticker(s): WY