Trade Ideas: WY

Pushing a solid breakout of $69 resistance and sits a few cents shy of new multi-year highs ($71). The point-n-figure chart has registered a triple top breakout and looks set to drive higher. With stops on a loss of $67 this carries relatively low capital risk. The 2.9% dividend yield is a bonus.

Weyerhaeuser Company principally engages in the growing and harvesting of timber, as well as in the manufacture, distribution, and sale of forest products principally in the United States and Canada.





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