In September of 2018 this stock was above $20. Currently at 2.81. I think a big reversal could be in the future for this chemical company. There were quite a few directors that exercised options in May, as well as a purchase by the CEO in May (about a month before a big pop in the stock . I would be long with these directors/CEO above 2.90ish
Rayonier Advanced Materials, Inc. engages in the production and sale of cellulose products, which is a natural polymer commonly used in the production of cell phone and computer screens, filters, and pharmaceuticals. It operates through the following segments: High Purity Cellulose, Forest Products, Paperboard, Pulp and Newsprint, and Corporate. The High Purity...
For a safer entry a move above the 100ma should provide a nice rally, earnings could very well be that catalyst.
Rayonier (NYSE:RYAM) has concluded its previously announced sale of the Matane, Quebec pulp mill and related assets to Sappi, a global diversified wood fiber company, for a total purchase price of $175M.
Net of fees, expenses and other adjustments, the...
with this i tried to give myself a simple way to read a chart when looking to hold a trade Long or whether i will buy a trade for a short sell. Still trying to learn exactly whats for what and lingo, hopefully soon.
RYAM seems forming a flag formation, however it needs to break through its resistance. We think it can go up to $21 are if it can break above $17.54
* Trade Criteria *
Date First Found- June 6, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Break of $17.54
Exit Target Criteria- $20.83
Stop Loss Criteria- $16.37
Please check back for Trade...
-Price trading in support/resistance channel
-IF price re-bounce should go in $16 range
-Conservative traders can sell at first Fibonacci price point on $14.16
I see this thing falling if we can break the psicological level at 11.86...the volume is on expansion right now so cuuld be a nice trade...next support at SMA200 and after that 10
After the company reported better than expected 2016 first quarter earnings and revenue the price is pointing straight up. From a technical point of view the price in now above double bottom neckline and above 200 MA, showing a possible trend reversal on daily chart. Other details on chart.
