September 15, 2009 (FinancialWire) (By Frank Kollar) — Shares of Weyerhaeuser Co (NYSE: WY) closed on Monday, September 14, at their highest level since the dark days of October 2008.

In that month Weyerhaeuser shed 34% of its share value, followed by an additional 50% loss over the ensuing months, leading to the bear market bottom on March 1, 2009.

Monday’s rally took shares to $39.59 and was a breakout day for Weyerhaeuser which spent the last two months trading in the mid-30s and unable to make new highs despite a strong stock market.

How high can Weyerhaeuser go? In the short term shares should reach $45.62 which is a critical resistance level. A decisive close above $45.62 could result in shares testing the $60 level in coming months.

The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy holds a position in Weyerhaeuser.

Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.

Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.

Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.