Chartology: "$LUMBER Starts To Slumber"
From
StockCharts:
$LUMBER has been a great story for the last 5 years.
However, the roller coaster has been difficult for investors to watch.
It's been a traders market. This week, we got a signal on the $LUMBER
chart.
The slope of the recent rise has been a lot more gradual than the
slope of the 2012 rise. Importantly, $LUMBER looks set to roll over here
with a confirmed cross on the MACD after the momentum flattened out in
November and December.
Good trading,
Greg Schnell, CMT
