SOURCE: Wall Street Active

February 21, 2013 08:00 ET

Pre-Market Update on WY, LPX and PCL

Note to Editors: The Following Is an Investment Opinion Being Issued by the WSA Financial Ltd.

LONDON--(Marketwire - Feb 21, 2013) - Stocks ended sharply lower in Wednesday's trading session after closing at multi-year highs on Tuesday. All three benchmark indexes fell sharply after investors digested the minutes of Federal Reserve's most recent monetary policy meeting. The minutes suggested that the Fed might end its bond buying program sooner-than-anticipated. At the close, our research team took notice of the following stocks in the Lumber, Wood Production, Weyerhaeuser Co. (NYSE: WY), Louisiana-Pacific Corp. (NYSE: LPX) and Plum Creek Timber Co. Inc. (NYSE: PCL). Wall Street Active research team has completed free research on WY, LPX and PCL. As a leading provider of free in depth reports and timely market updates, we invite you to sign up now at
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Weyerhaeuser's Shares Tumble
Shares of Weyerhaeuser fell sharply on Wednesday as the Basic Materials sector plunged. The stock closed 3.41% lower at $29.78 on above average volume of 6.67 million. Weyerhaeuser's Company shares fell below $30 support level as a result of the sharp decline in Wednesday's trading session. This is a bearish signal. The bearish trend is further confirmed by the stock's MACD chart. The MACD is currently trading below the signal line. The MACD histogram is also showing increasing downward momentum. Despite the sharp decline in yesterday's trading session, Weyerhaeuser's shares are still up more than 7% this year. Sign up today and get useful insight about WY for free at
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Louisiana-Pacific's Shares Also Tumble
Shares of Louisiana-Pacific also plunged in Wednesday's trading session. The stock closed 6.07% lower at $20.57 on above average volume of 5.45 million. Prior to sell-off on Wednesday, the company's shares had an excellent run this year, gaining more than 13%. Although the stock is still up more than 6% after yesterday's drop, technical indicators are giving strong bearish signals. Louisiana-Pacific's shares fell below $21 support level, which is a bearish signal. The bearish trend is confirmed by the MACD chart. The next support level for the stock is at around $20. Free report on LPX can be accessed by registering at
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Plum Creek Timber Up Sharply For the Year
Shares of Plum Creek Timber are up sharply this year. Year-to-date, the stock has gained more than 7.5%, outperforming the broad market. On Wednesday, though, the stock fell 1.10% to finish the day at $47.71 on volume of 584,240. After rising sharply in January, Plum Creek Timber's shares have traded in a very tight range this month. The stock has been struggling to break through $48 level. It currently has support at around $47.70. Register with Wall Street Active and download the research on PCL for free at
http://www.wallstreetactive.com/register.php

Disclaimer: WSA Financial is not a registered investment advisor, and nothing in this release is intended as a solicitation to buy or sell any security. Our pro-traders only aim is to educate investors based on their experience, and to share their knowhow.

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