I got a positive signal on WEYERHAEUSER CO, symbol (WY) at 64.55 on 5/14/2008 Price and moving averages:WEYERHAEUSER CO, symbol (WY), has closed above its short time moving average.
The short time moving average is currently above mid-time, and above long time moving averages.
The relationship between price and moving averages is: bullish in short-term, and bullish in mid-long term. Bollinger Bands:WEYERHAEUSER CO, symbol (WY), has closed above the upper band by 19.4%. This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
Bollinger Bands are 4.5% narrower than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.Levels:We find traditional support at 62 and resistance at 65.69. The price is above the 50 Day MA, which is relativelly bullish and gives us a clear support area at 63.0254 on long positions. However, we must remember that we are still in bear territory, and we need to break above 68.3631 for this trade to be a real bull trade. We haven't detected any particular candle pattern on this stock.Fundamentals:At this point the P/E ratio of WEYERHAEUSER CO is -175.243, which compared to the SP500 P/E ratio this quarter of 17.63 makes it relatively cheap. The company is growing, as shown by a PEG (price/earnings growth) of 34.74. As a bonus, it pays a dividend per share of 2.4.
This should be a tradable stock, not to get in love with.
Actually, it should be considered as a short term swing trade. The 2.4 should help mitigate some riskThis commentary is not a recommendation to buy or sell. This is a comment about technical levels and relative performance of the stock mentioned.
Recommend this article...
Last update : 14-05-2008 15:13
|
|
Users' Comments  |
|
Average user rating
 (0 vote)
|
|
|
