user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 436726 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Weyerhaeuser (WY) Breaks Through Resistance at $30.75

Published on Tue, 02/05/2013 - 13:39
By Adrienne Chilton

Shares of Weyerhaeuser (NYSE:WY) have bullishly opened above the pivot of $30.37 today and have reached the first resistance level of $30.75. Investors may be interested in a cross of the next upside pivot targets of $31.01 and $31.65.

Weyerhaeuser Company is an integrated forest products company with offices or operations worldwide. The Company primarily grows and harvests trees, develops and construct real estate and makes a range of forest products.

Potential upside of 1.5% exists for Weyerhaeuser, based on a current level of $30.89 and analysts' average consensus price target of $31.36. The stock should discover initial support at its 50-day moving average (MA) of $28.77 and subsequent support at its 200-day MA of $24.82.

In the past 52 weeks, Weyerhaeuser share prices have been bracketed by a low of $18.60 and a high of $31.74 and are now at $30.89, 66% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.9%.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Shares of NII Holdings Have Fallen Below...

Shares of NII Holdings (NASDAQ:NIHD) traded at a new 52-week low today of $0.07. Appro ...

Mizuho Financial: New 52-Week Low Set To...

Mizuho Financial (NYSE:MFG) traded at a new 52-week low today of $3.74. So far today a ...

Watch for Continued Gains in Shares of M...

Shares of Masco (NYSE:MAS) traded at a new 52-week high today of $24.20. Approximately ...

Shares of Las Vegas Sands Fall Below Pre...

Shares of Las Vegas Sands (NYSE:LVS) traded today at $59.52, breaking its 52-week low. ...

Kohl's: 52-Week High Recently Eclipsed (...

Shares of Kohl's (NYSE:KSS) traded today at $61.00, breaking its 52-week high. So far ...

Shares of Kirby Rise to a New 52-Week Hi...

Kirby (NYSE:KEX) traded at a new 52-week high today of $123.71. So far today approxima ...

Shares of International Rectifier Rise t...

International Rectifier (NYSE:IRF) traded today at a new 52-week high of $39.74. This ...

Interactive Brokers Looks to Continue to...

Shares of Interactive Brokers (NASDAQ:IBKR) traded at a new 52-week high today of $25.3 ...