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Downgrade Alert for Weyerhaeuser (WY)

By Amy Schwartz

Weyerhaeuser (NYSE:WY) was downgraded from Buy to Neutral at DA Davidson today. The stock closed yesterday at $30.95 on volume of 7.7 million shares, above average daily volume of 4.7 million.

In the past 52 weeks, Weyerhaeuser share prices have been bracketed by a low of $22.06 and a high of $33.11 and closed yesterday at $30.95, 40% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.1% while the 200-day MA has remained constant.

There is potential upside of 16.8% for shares of Weyerhaeuser based on a current price of $30.95 and an average consensus analyst price target of $36.15. The stock should find initial support at its 50-day moving average (MA) of $30.19 and further support at its 200-day MA of $29.01.

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

SmarTrend recommended that subscribers consider buying shares of Weyerhaeuser on February 24th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.69. Since that recommendation, shares of Weyerhaeuser have risen 28.1%. We continue to monitor WY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades WeyerHaeuser

Ticker(s): WY