* 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.