Three Timber Stocks Set to Grow
The resource and basic-materials stocks have been performing better recently, and even the dry-bulk shippers that transport those goods have managed to halt their precipitous declines over the last several weeks.
Three stocks in the timberland management space are currently holding important technical levels and could be setting up to move higher. Weyerhaeuser (WY) produces lumber and board products associated with homebuilding and consumer paper goods. The weekly chart shows a breakout at the end of last year above a downtrend line drawn off the 2011 highs. It was preceded by a sharp contraction in Bollinger band width, which signaled potential volatility....420 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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