Plum Creek Timber Company. Inc., is not only a REIT offering a 3.77% yield, but it also has direct exposure to the suddenly surging materials sector. With plenty of traders noting the bull run in Weyerhaeuser Company of late, PCL is more of a sleeper breakout candidate, as far as non-metal materials plays go.
As you can see on the weekly timeframe, below, pressure is building towards a multi-year breakout above $45, a well-defined level of resistance. The bigger the base, the higher in space; And with a breakout through this level out of the weekly bull flag (light blue lines) I expect all-time highs from 2008 at $56.90 to be tested.
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Tommy Like Wingy