WY
REITs could lead the next upswing, $PSB is showing itAfter NYSE:PSB topped in mid-April has been forming a long base. I see a "low cheat" with a breakout above $168.88 with a good follow through above $165 resistance zone. Today is making that second breakout and could be a good day to get in the stock. I'll be waiting for volume confirmation.
NYSE:PSB has a IBD relative strength rating of 77. Is not the minimum 80 that I like to see, but still the chart is looking very good. Another stock in the same industry that is going for the breakout is NYSE:WY . Is currently trading at $38 and the pivot buy zone is at $42.
The only thing that I don't like is that AMEX:PW , which has the #1 rank in the industry by IBD, already made the breakout from its base and last week made a hard throwback. If this industry leader doesn't holds above $49 could be a bad sign for the rest.
WY classic fake out before earnings break outWY classic fake out before earnings break out
We need to consolidate after breaking all time high before we move higher.
Yes timber prices are coming down but first they need to report all the earnings they had last quarter.
we are not done with commodities pumping up - once gas goes up the timber goes up too.
$WY. First stock post in a while. Looking to buy dips.$WY is in an uptrend and we are looking to buy dips.
It doesn't seem to be spending much time in the lower channel, so when it gets down near the bottom is the ideal opportunity.
To help us time the dips, I am attempting to incorporate the Williams %R indicator. This is a new indicator for me, but it's not my first indicator, so hopefully I don't hurt myself too much trying to get it working for me.
I'm sure you could combine it with other indicators to create a more complete picture. Any suggestions?
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The lowest SMA is the 100. 200 was not used because it would only take up bandwidth for what we are aiming at.
WY is 17% from all time high- Green new deal means more buildingWY is 17% from all time high.
Once we break through that we go to price discovery mode which means we go higher.
My fried who works at a lumber yard says they have had a record year of lumber sales with more slated for this year.
The green New Deal we will be using wood more this year than last to fix infrastructure.
I see earnings rolling in and people will be happy.
That should push it up to the all time high and beyond.
I am not buying this- I already bough it in October.
This is not investment advice just market speculation.