Rayonier Inc. : Bullish reaction expected
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$55.09 | $0 | $53.4 | -100% |
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline led the share to the USD 54.2 support. Therefore, a technical rebound will set an objective near the 20-day moving average at USD 58.
The USD 54.15 area could be a basis for a purchase to target USD 58. A stop loss will be set below the entry point to limit the risk.