Here are two agriculture related stocks. Agrium looks very strong, but Potash looks to be breaking through the 40 week MA. Both are on the move.
Potash comes to its 40 week MA line. it looks like it is ready to surge higher here.
Here's Agrium.
Looks like its ready to blow through this 15 month trendline.
These are running even while the Euro crisis continues.
Good Trading,
Greg Schnell, CMT
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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