Two Potential Fertilizer Plays

By | August 29, 2014

Here are two stocks in the fertilizer space that are testing important technical levels and have good price momentum and positive money flow.

28. mos  chart

The daily chart of Mosaic (MOS) shows the stock pressing a zone in the $48.00 to $48.25 area after holding above the confluence of its 50 and 200 day moving averages. A close in upper candle range above this level would be a good long entry point with an initial percentage stop under the averages.

28. agu chart

Shares of Agrium (AGU) have been trading within the parameters of the Bollinger bands measured off their 2013 high and low. The weekly price momentum and money flow indicators are following in the direction of the daily indicators which are all solidly positive. A close in upper candle range on this timeframe is a long entry point wit a position size that allows for a stop under the 40 week (200 day) moving average.

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