This Morning's Technical Outlook on Lumber, Wood Production Stocks -- Universal Forest Products, Rayonier, Weyerhaeuser, and Boise Cascade
NEW YORK, Jan. 9, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on UFPI, RYN, WY, and BCC which can be accessed for free by signing up to www.wallstequities.com/registration. Ahead of today's trading session, WallStEquities.com scans Universal Forest Products Inc. (NASDAQ: UFPI), Rayonier Inc. (NYSE: RYN), Weyerhaeuser Co. (NYSE: WY), and Boise Cascade Co. (NYSE: BCC). Lumber and Wood Production companies engage in the growing and harvesting of timber, along with the processing, distribution, and sale of wood products. These entities tend to offer dividend yields that are in line with the market average. All you have to do is sign up today for this free limited time offer by clicking the link below.
www.wallstequities.com/registration
Universal Forest Products
Grand Rapids, Michigan headquartered Universal Forest Products Inc.'s shares gained slightly by 0.13%, closing Monday's trading session at $38.29. The stock recorded a trading volume of 245,451 shares. The Company's shares have advanced 1.35% in the last month, 13.22% over the previous three months, and 13.18% over the past year. The stock is trading 1.57% above its 50-day moving average and 19.15% above its 200-day moving average. Additionally, shares of the Company, which through its subsidiaries, designs, manufactures, and markets wood and wood-alternative products for home centers and other retailers, have a Relative Strength Index (RSI) of 54.17.
On January 03rd, 2018, UFP-EdgeTM, a brand of Universal Forest Products, has expanded its line of Charred Wood with seven bold and vibrant color additions: Canyon (brown), Ash (gray), Smoke (white), Coastal (teal), Sunrise (yellow), Lava (red), and Deep Sea (blue). These new colors are available in shiplap and board profiles at building products retailers across the US. Get the full research report on UFPI for free by clicking below at:
www.wallstequities.com/registration/?symbol=UFPI
Rayonier
On Monday, shares in Jacksonville, Florida headquartered Rayonier Inc. recorded a trading volume of 574,137 shares, which was above their three months average volume of 463,300 shares. The stock rose slightly by 0.28%, ending the day at $31.98. The Company's shares have advanced 3.63% in the past month, 9.63% in the previous three months, and 17.23% over the past year. The stock is trading above its 50-day and 200-day moving averages by 2.79% and 9.37%, respectively. Furthermore, shares of Rayonier, which engages in the sale and development of real estate and timberland management, as well as in the production and sale of cellulose fibers in the US, New Zealand, and Australia, have an RSI of 58.01.
On December 15th, 2017, Rayonier announced that Keith E. Bass has been elected to its Board of Directors. Mr. Bass has also been appointed to serve on the Board's Compensation Committee and Nominating and Corporate Governance Committee. His election fills the vacancy that resulted from John A. Blumberg's resignation from the Board on December 11th, 2017 due to time constraints related to his other business interests. RYN's complimentary research coverage is a few simple steps away at:
www.wallstequities.com/registration/?symbol=RYN
Weyerhaeuser
Seattle, Washington-based Weyerhaeuser Co.'s stock finished the day 0.65% higher at $35.50 with a total trading volume of 2.60 million shares. The Company's shares have advanced 0.74% in the last one month, 3.80% in the previous three months, and 15.07% over the past one year. The stock is trading above its 200-day moving average by 4.48%. Additionally, shares of Weyerhaeuser, which invests in US, have an RSI of 50.93.
On January 04th, 2018, Weyerhaeuser announced that it will release its Q4 2017 results on February 02nd, 2018, before the market opens. The Company will hold a live webcast and conference call at 10:00 a.m. ET that same day to discuss these results. The news release, live webcast, and presentation may be accessed under the Investor Relations section of the Company's website. Register for your free research report on WY at:
www.wallstequities.com/registration/?symbol=WY
Boise Cascade
Shares in Idaho headquartered Boise Cascade Co. ended yesterday's session 2.62% higher at $41.10. The stock recorded a trading volume of 527,145 shares, which was above its three months average volume of 515,660 shares. The Company's shares have advanced 5.25% in the last month, 17.60% over the previous three months, and 78.70% over the past year. The stock is trading 8.22% and 27.85% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Boise Cascade, which manufactures wood products and distributes building materials in the US and Canada, have an RSI of 63.56. Wall St. Equities' downloadable research report on BCC is available at:
www.wallstequities.com/registration/?symbol=BCC
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