Weyerhaeuser Tests 200 Day Moving Average

By | March 6, 2015

Two days ago, I noted that Weyerhaeuser (WY) had broken channel support, and yesterday commented on the continued weakness, mentioning that, ” It looks like the stock has a rendezvous with its 200 day moving average.” That meeting occurred sooner than expected with the price down over 2.5% today and testing the 200 day average.

3306.WYchart

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