Brian Stutland's Lumber Futures Trade

On CNBC's "Futures Outlook," Brian Stutland said that lumber is heading lower and he wants to sell the November futures contract. Stutland is a seller at $575 and his price target is at $495.

He would place a stop loss at $625. He is willing to risk $5,500 to make $8,800.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: FuturesMarketsMediaBrian StutlandCNBCFutures Outlook
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!