AI
Monday, October 22, 2012 3:16:02 PM
Agriculture Stocks Buck The Morning Trend
This morning, many of the leading agriculture stocks are trading higher despite the flat market action in the major stock indexes. This tells us that the agriculture sector has some early relative strength when compared to the major stock indexes. Traders and investors can easily see the Market Vectors Agribusiness ETF (NYSEARCA:MOO) trading higher by 0.40 cents to $51.78 a share. Short term traders should watch for intra-day resistance around $52.00 level.
Some leading agriculture stocks that are trading higher on the trading session include CF Industries Holdings, Inc (NYSE:CF), Terra Nitrogen Company L.P. (NYSE:TNH), Agrium Inc. (USA) (NYSE:AGU), and Potash Corp./Saskatchewan (USA) (NYSE:POT). Often the agriculture will trade very similar to commodity stocks, therefore, traders should always follow the U.S. Dollar Index futures
This morning, many of the leading agriculture stocks are trading higher despite the flat market action in the major stock indexes. This tells us that the agriculture sector has some early relative strength when compared to the major stock indexes. Traders and investors can easily see the Market Vectors Agribusiness ETF (NYSEARCA:MOO) trading higher by 0.40 cents to $51.78 a share. Short term traders should watch for intra-day resistance around $52.00 level.
Some leading agriculture stocks that are trading higher on the trading session include CF Industries Holdings, Inc (NYSE:CF), Terra Nitrogen Company L.P. (NYSE:TNH), Agrium Inc. (USA) (NYSE:AGU), and Potash Corp./Saskatchewan (USA) (NYSE:POT). Often the agriculture will trade very similar to commodity stocks, therefore, traders should always follow the U.S. Dollar Index futures
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