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WY Makes Bullish Cross Above Critical Moving Average
By: BNK Invest
In trading on Friday, shares of Weyerhaeuser Co. (Symbol: WY) crossed above their 200 day moving average of $29.33, changing hands as high as $29.58 per share. Weyerhaeuser Co. shares are currently trading up about 0.9% on the day. The chart below shows the one year performance of WY shares, versus its 200 day moving average:
Looking at the chart above, WY's low point in its 52 week range is $26.38 per share, with $33.24 as the 52 week high point - that compares with a last trade of $29.52.
According to the ETF Finder at ETF Channel, WY makes up 7.97% of the iShares Global Timber & Forestry ETF (Symbol: WOOD) which is trading up by about 0.5% on the day Friday.