Over the last several weeks, the price of lumber has been bouncing back, sparking renewed interest in forest products stocks. Interfor (IFP.TO) has returned to the Green Favored Zone for the first time in about six weeks as it roars back from a sharp but short drop down into the red zone. Since a summer retreat bottomed out in August, it has become clear that IFP.TO shares have been trending sideways since March. Recent trading indicates that accumulation has resumed and the shares could be setting up for a breakout.
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