InTheMoneyStock...'s  Instablog
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
My blog:
Pro Traders Rant and Rave Blog
  • Agriculture Stocks Are Stuck In The Mud 0 comments
    Jan 6, 2012 10:26 AM | about stocks: MOO, POT, MOS, AGU, MON
    This morning, most of the leading agriculture stocks are coming under early selling pressure. This industry group is trading into heavy resistance on the daily charts. The Market Vectors Agribusiness ETF (NYSEARCA:MOO) is a good way to track the agriculture sector. Today, the MOO is trading lower by 0.39 cents to $48.66 a share. This important ETF has a lot of daily chart resistance around the $50.00 level. Short term traders should watch for intra-day support around the $48.50, and $48.00 levels.

    Some of the leading agriculture stocks that are declining this morning include Potash Corp Sask Inc (NYSE:POT), Mosaic Co (NYSE:MOS), and Agrium Inc (NYSE:AGU). All of these stocks look very similar on the daily charts. They are all struggling to trade above the important daily chart 50 moving average. Should they trade above that key moving average on the daily chart they will all face more chart resistance a bit higher. These stocks seem to be stuck in mud at this time.

    Nicholas Santiago

    Stocks: MOO, POT, MOS, AGU, MON
Back To's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    Apr 20, 2015
  • $YELP Forming Bearish Chart....
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock.
    Apr 10, 2015
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.