SmarTrend's Trend Spotter Sees Continued Upward Momentum on Shares of Weyerhaeuser (WY)
SmarTrend identified an Uptrend for Weyerhaeuser (NYSE: WY) on March 02, 2010 at $42.26. In approximately 2 weeks, Weyerhaeuser has returned 7.2% as of today's recent price of $45.30.
Weyerhaeuser is currently above its 50-day moving average of $42.11 and above its 200-day moving average of $38.00. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Weyerhaeuser shares.
Write to Chip Brian at cbrian@tradethetrend.com
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