Weyerhaeuser Co (NYSE: WY) The Stock That Stayed Up Says Market Timer Frank Kollar
March 7, 2007
Shares of Weyerhaeuser Co (NYSE: WY) hardly blinked in the mini-crash of the financial markets last week. They did stop moving higher, but over the past seven days they only moved sideways while most other stocks sold off.
Weyerhaeuser is currently in a tight trading range after an extended advance starting last September 2006. With $87.00 as the topside and $84.50 as the bottom side, this stock offers a great opportunity in coming days. Traders should trade a break of these levels, in either direction, and use the other level as a stop to protect profits. At this point, we would be looking at the upside as the odds on trade, but you never know.
The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy holds positions in S&P 500 and Nasdaq 100 stocks that meet our trending requirements.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
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Disclaimer: The financial markets are risky. Investing is risky. Past performance
does not guarantee future performance. The foregoing has been prepared solely
for informational purposes and is not a solicitation, or an offer to buy or sell
any security. Opinions are based on historical research and data believed reliable,
but there is no guarantee that future results will be profitable. |
