HaseebKhan_90

RYN looking to set new highs!

Long
NYSE:RYN   Rayonier Inc. REIT
* Great earnings year-over-year
* Strong up trend
* High relative strength in the Real Estate sector
* Breaking out of a ~7 month base
* Recently used a multi-year resistance ($35.05) as support
* Looking at the weekly chart it seems like RYN is ready to continue its move to new all-time-highs

Trade Idea:
* If you can stomach a little volatility , now's a great time to enter as the price just broke out.
* If you're looking for a slight discount , you can look for buying opportunities near the $38. 40 area as that should serve as support moving forward.

Caution:
* The markets are volatile right now so a daily close below $38. 40 would negate the idea for the time being.