WEYERHAEUSER CO
(WY-NYSE):
Technical Viewpoint: From a low
of $37.18 on Nov 30, 2009 prices
rallied, reaching a
high of $45.24
on Jan 5, 2010. A
decline saw prices pull back, reaching a
low of
$38.25 on Feb 5, 2010.
Another rally saw prices penetrate
resistance, closing 4/16/10
at $47.86. Technicals: MACD Index (MACD): A Buy Alert!
was given on Apr 4, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $46.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 24, 2010. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! WEYERHAEUSER CO
(WY-NYSE) @ $48.13 Stop: Use a protective stop of $46.13.
WEYERHAEUSER CO is currently trading @ $47.86 plus $0.97 on Apr 16, 2010. Price Objective:
$59.50. Risk/Reward: $2.00 VS. $12.75. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$59.50
Risk/Reward:
$2.00 VS. $12.75
Risk/Reward Ratio:
6:1
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