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IS $POT A Short Candidate?

|Includes:Potash Corporation of Saskatchewan Inc. (POT)

Today $POT has reported earnings and the stock made a nice run on that. The stock will come into a short-term resistance point $41.65. I will look for a hit tomorrow or on Monday of this level. If we consolidate below the level I will ignore that!

The stop loss for this play will be $1.50$, on a pullback look for the 50 moving average as first target.

(click to enlarge)Click to enlarge
Kristof De Block

Stocks: POT