Fertilizers Struggle to Regain Momentum
Posted on Tue 27th May, 2008 02:06:46 PM
Rough trading for Fertilizer leaders Potash (POT), CF Industries (CF), and Mosaic (MOS) stocks as short term they have struggled to gain some steam.
MOS and CF have now both fallen below their 50 day moving averages and back into their previous bases, bearish short term. This trend is an avoid for now.
The stock to watch here though is POT because if POT finds support around or at its 50 day moving average and starts to move back up you better believe MOS and CF will be right behind it.
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