Today, shares of Weyerhaeuser (NYSE:WY) have fallen below their 10-day MA of $31.34 on a volume of 1.7 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
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.
Weyerhaeuser share prices have moved between a 52-week high of $31.97 and a 52-week low of $18.60 and are now trading 68% above that low price at $31.21 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 1.0%.
There is potential upside of 0.5% for shares of Weyerhaeuser based on a current price of $31.21 and an average consensus analyst price target of $31.36. Weyerhaeuser shares have support at the 50-day moving average (MA) of $30.53 and additional support at the 200-day MA of $27.26.