Fairlead Strategies Idea Generator (PCH)

PotlatchDeltic (PCH)

Welcome to Fairlead Strategies Idea Generator! This is our forum for trading ideas to supplement our existing research. We will present annotated stock charts with rationale, technical targets, and stop losses, always following up on “open” ideas.

We offer the ideas for free to our research subscribers (please visit www.fairleadstrategies.com for more information). Otherwise available for a small monthly fee for 3-4 actionable stock ideas per week and occasional thematic commentary. Our free service will consist of occasional trading ideas and abbreviated commentary.

---

Here is our latest idea: PotlatchDeltic (PCH)

Timber-related REITs provide us with a way to take advantage of rising lumber prices through the equity market. One with a particularly attractive intermediate-term technical setup is PCH.

• PCH has a fresh breakout above a prior high, allowing it to pull away from support defined by the weekly cloud model (denoted by the shaded area on the chart). The breakout is associated with positive momentum per the weekly MACD indicator.

• There is room to overbought levels per the weekly stochastics, supporting upside follow-through toward next resistance at the all-time high, roughly 9.5% above current levels. We recommend placing a stop loss at the top of the gap created this week, roughly 4.5% below current levels

---

PotlatchDeltic (PCH, $59.83)

Intermediate-Term Target: $65.67

Stop Loss: $57.61