WEYERHAEUSER CO
(WY-NYSE):
Technical Viewpoint: From a low
of $58.50 on Feb 19, 2002 prices
rallied, reaching a
high of $65.40
on Mar 4, 2002. A
decline saw prices pull back, reaching a
low of
$62.93 on Mar 13, 2002.
Another rally saw prices penetrate
resistance, closing 3/14/02
at $65.17. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 24, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $62.00. Resistance: Is at $73.25.
Point & Figure: Reversed to the upside on Mar 14, 2002. A P&F upside
reversal takes place at $63.00. Summary: Technical indicators have turned bullish. BUY! WEYERHAEUSER CO
(WY-NYSE) @ $65.50 Stop: Use a protective stop of $62.75.
WEYERHAEUSER CO is currently trading @ $65.17 plus $2.88 on Mar 14, 2002. Price Objective:
$82.00. Risk/Reward: $2.75 VS. $16.50. Today's Risk Reward Ratio: 6:1
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