The Canadian Technician

Living The Lumber Lifestyle - Higher

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Flipping through the dashboards this weekend and rolled through some seriously nice chart patterns in Lumber related stocks.

Here is one of the dashboards. Every stock is above the 10 week MA and most of them are breaking out higher above consolidation zones.

Lumber Dashboard 1 20131219

Here is a second dashboard. 


 

Dashboard Lumber 2 20131219

These are all nice charts. Lots of them look ready to break through horizontal consolidations.

Looking at the $LUMBER futures might give us a clue.

Dashboard $LUMBER futures 20121219

The lumber futures look ready to breakout above recent highs. 

This all looks very constructive.

Greg Schnell, CMT

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More
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