Rayonier (NYSE:RYN) downgraded to Underweight from Neutral at JP Morgan. The stock closed yesterday at $50.68 on volume of 695,100 shares, below average daily volume of 768,360.
Rayonier is currently above its 50-day moving average of $46.19 and above its 200-day moving average of $44.11.
SmarTrend is bullish on shares of RYN and our subscribers received an Uptrend alert on July 13, 2010 at $47.01, which has returned 7.8% to date.
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