RYN may provide a good short entry here assuming indexes are turning bearish which I think they are.
Its potentially printing a shakeout reversal through 50MA and resistance and is at 0.618 retracement from the top.
I'm staggering in here and will buy more around 0.618 from the bounce - 41.53 with SL above the top.
Not advice.
* 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...
NYSE
