Friday, May 05, 2006

Potash Corp turns bullish

Although Potash Corp. (TSX:POT) was playing with a trading range as it recovered from its bearish trend in the later half of 2005, the stock is showing signs of moving past resistance at $115. The secondary trend line for POT has moved above the long-term trend line, an event signalled by the Stock Trends Bullish Crossover. The newly Bullish stock is currently out-performing the S&P/TSX Composite by 9% over the last quarter and could be poised for a summer move.
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