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Shares of WY Down 20.9% Since Downtrend Call on Shares

By Nick Russo

SmarTrend identified a Downtrend for Weyerhaeuser Co (NYSE:WY) on June 21st, 2018 at $36.00. In approximately 4 months, Weyerhaeuser Co has returned 20.85% as of today's recent price of $28.49.

In the past 52 weeks, shares of Weyerhaeuser Co have traded between the current low of $28.28 and a high of $38.39 and are now at $28.49. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1%.

Weyerhaeuser Company is an integrated forest products company with offices and operations worldwide. The Company primarily grows and harvests trees, develops and construct real estate, and makes a range of forest products. Weyerhaeuser is also classified as a REIT.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Weyerhaeuser Co.

Log in and add Weyerhaeuser Co (WY) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights weyerhaeuser co

Ticker(s): WY