Wednesday, January 07, 2009

Agra-chem stocks offer opportunity

The change in trend distribution has brought quite a few trading opportunities to our attention. Among the newly Weak Bearish stocks are the agra-chem stocks that had fallen precipitously last year. Potash Corp. (TSX:POT, NYSE:POT), Agrium (TSX:AGU), and Mosaic Co. (NYSE:MOS) all show promise of being in the advanced stages of a bottom, moving in an extended trading range but giving investors a good opportunity to play the upside on limited downside risk. Seasonal factors as well as improved broad market conditions should help these stocks.

And joining the group in a positive move today is Monsanto Co. (NYSE:MON), jumping over 15%.
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