Market Overview

Watch for Continued Gains in Shares of Claymore/Beacon Global Timber Index ETF (CUT)

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(via COMTEX News Network)--

Shares of Claymore/Beacon Global Timber Index ETF (NYSE: CUT) traded at a new 52-week high today of $22.15. Approximately 142,000 shares have traded hands today vs. average 30-day volume of 64,000 shares.

Claymore/Beacon Global Timber Index ETF is currently trading at $22.04, approximately 6.5% above its 50-day moving average of $20.69. SmarTrend will be monitoring shares of CUT to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 0.19% while the 200-day MA has risen 0.17%.

In the past 52 weeks, shares of Claymore/Beacon Global Timber Index ETF have traded between a low of $8.00 and a high of $21.98 and are now at $22.02, which is 175% above that low price.

SmarTrend currently has shares of Claymore/Beacon Global Timber Index ETF in an Uptrend and issued the Uptrend alert on May 07, 2010 at $17.66. The stock has risen 24.4% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@tradethetrend.com

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