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Barchart
Barchart
Jim Van Meerten

What’s Going on with Lumber Prices, and Why This 1 Wood Stock Has a 100% ‘Sell’ Rating

  • Universal Forest Products (UFPI) is an example of what it looks like when Barchart’s indicators are all flashing red.
  • Shares just hit a new two-year low and have a 100% “Sell” opinion from Barchart.
  • UFPI stock is trading below all of its key moving averages, and its fundamentals look weak too.
  • Price action in this hard-hit stock reflects broader challenges in the housing market and economy. 

Today’s Featured Stock 

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