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Weyerhaeuser Co Looks to Continue to Trade Below its Annual-Low Share Price Today

By James Quinn

Shares of Weyerhaeuser Co (NYSE:WY) traded at a new 52-week low today of $13.62. This new low was reached on below average trading volume as 466,000 shares traded hands, while the average 30-day volume is approximately 5.1 million shares.

Weyerhaeuser Co has overhead space with shares priced $13.65, or 63.4% below the average consensus analyst price target of $37.29. Weyerhaeuser Co shares should first meet resistance at the 50-day moving average (MA) of $27.33 and find additional resistance at the 200-day MA of $27.35.

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.

Weyerhaeuser Co share prices have moved between a 52-week high of $31.58 and the current low of $13.62 and are currently at $13.65 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 4.4% while the 200-day MA has slid 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Weyerhaeuser Co on February 26th, 2020 by issuing a Downtrend alert when the shares were trading at $28.00. Since that call, shares of Weyerhaeuser Co have fallen 47.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows weyerhaeuser co

Ticker(s): WY