Timber! 3 Bearish Forestry & Paper Stocks

My Power Stocks scanner has revealed troubling trends in these stocks

   

My Power Stocks System tracks the most volatile, liquid candidates for option trading or short-term stock trading each week…but along with those strong names, I uncover the duds of the stock market too. The stocks I put on sell watch are in bearish trends that still have a great deal of downside left.

I would recommend selling these names on any further weakness, or buying puts if you can find an undervalued, liquid option.

  • International Paper (IP) is on the verge of accelerating its downward descent. As of the Friday close, it was trading at $45.35, just below its $45 resistance level. My system has rated volatility for this stock at 28, slightly above the average rating of 20.
  • Louisiana-Pacific Corporation (LPX) is among the weakest stocks I follow. Currently trading at $16.72, the stock’s resistance is at the $19 level and volatility is high at 35.
  • Weyerhauser (WY) is another very weak stock, but has lower volatility at 26. It is currently well below its $31 resistance at $28.29.

InvestorPlace advisor Ken Trester has launched Power Options Weekly. This brand new weekly service delivers 5 new trades to you each Friday. It’s the perfect ‘bridge’ between investing in ordinary stocks and the turbocharged world of options trading. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990. Try Power Options Weekly today and receive 2 weeks for the price of 1 for only $19.95.


Article printed from InvestorPlace Media, http://investorplace.com/247trader/timber-3-bearish-forestry-paper-stocks/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.