|Bid||0.00 x 900|
|Ask||0.00 x 900|
|Day's Range||32.88 - 33.11|
|52 Week Range||29.88 - 34.70|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.55%|
Lumber, paper, packaging and other forestry-related products have been trading within one of the strongest uptrends found anywhere in the public markets over the past several years. In this article, we'll take a look at the charts of several forestry-related assets and try to determine how active traders will look to position themselves over the weeks or months ahead. The iShares Global Timber & Forestry ETF is one of the most popular exchange-traded products used by active traders for gaining exposure to companies that produce forest products, agricultural products, and paper and packaging products.
In this article, we take a look at the charts and try to determine how active traders will position themselves to profit from the resumption of the powerful uptrend. One of the most widely followed exchange-traded funds (ETFs) by retail investors seeking exposure to the global timber and forestry market is the iShares Global Timber & Forestry ETF. Taking a look at the chart, you can see that the price is trading a along a well-defined trendline and that it has behaved consistently on each attempted pullback.
The U.S. manufacturing sector slowed in March 2018 from the preceding month. Per trading economics, Supply Management’s Manufacturing PMI in the United States dropped to 59.3 in March from February’s 14-year high of 60.8, falling shy of market expectations of 60.1.Source: Shutterstock
The U.S. manufacturing sector slowed in March. However, the report indicates expected gains in these ETFs over the medium term.
With a strong uptrend in timber stocks, a pullback toward key support could be what's needed for traders to lock in an ideal risk/reward.
As per the latest JOLTS report, about 2.1 million Americans quit their jobs voluntarily in August, which was a decrease of 70,000 from the previous reading.