Watch Out, Fertilizer Stocks Are Back
Posted by Blain Reinkensmeyer
April 5, 2008 at 12:16 am
Over the last two days leading fertilizer stocks have made quite the run posting an average 10%+ gain each. Last week you could argue the trend was over and these stocks were out of the picture, but trends change fast and yes, fertilizer stocks are back.
The group is lead by a company called Potash (POT), and following it are stocks Mosaic Company (MOS) and C F Industries (CF). Just today MOS posted blowout earnings as sales surged 68% to $2.15 billion.
Below I have stock charts featured all three stocks which I am sure many of you readers have seen here on the blog before. Below each chart you will find further analysis.
Being the leader of the group, POT has done a great job taking back control and claiming new all time highs. This only meant good news for its struggling colleagues below.
After posting earnings today that simply blew out and beat the street’s expectations MOS stock surged over 10%. There has been great support for the stock the last two days as new institutional investors stepped in and purchased shares, a bullish sign moving forward.
The next key stop for MOS is the $120 mark where it will have the opportunity to claim new all time price highs.
The last stock featured here is CF which is has rallied just strong as its counterparts MOS and POT. A big trend change for CF with the move on Thursday not only pushing the stock back above its 50 day moving average but also into “higher high” position.
$131.72 would signal new all time price highs for CF, and as long as POT and MOS keep rolling you can expect CF to follow suit.
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Solar (LDK, JASO) and dry shippers looking good too. Any correlation with Ag and Dry shippers?
Not that I know of, there may very well be though. Otherwise I’d say coincidence.
Yeah, these stock just keep going up. POT is a personal favorite of mine. I also like MON. It is in the same group.
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[...] This post says it all, Watch Out Fertilizers Stocks Are Back. [...]