Forestry Stocks Surge

09/04/2008 12:00 am EST


Thomas Aspray

, Professional Trader & Analyst

The Forestry & Paper stocks have been one of the strongest sectors since the July lows, up almost 28% versus 6% for the S&P 500. Chart shows some evidence of an intermediate term low with key resistance in the 140-144 area. Initial support at 125 and further at 115.

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