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...
Trade for RYN: - Long 35P Nov 19 for 2.00 debit GLHF - DPT
I'm bored and just want to post this chart