Agriculture Stocks Fail To Sprout Early – POT, CF, MOS, MON

This morning, the leading agriculture stocks are coming under some early selling pressure. This important sector has been very range bound over the past three months. Potash Corp./Saskatchewan (USA (NYSE:POT) is considered one the best stocks in the sector. Today, the stock is declining lower 0.53 cents to to 45.94 a share. Short term traders should watch for intra-day support around the $45.60 and $45.00 levels.

Some other leading agriculture stocks that are coming under early selling pressure include CF Industries Holdings, Inc.(NYSE:CF), Mosaic Co (NYSE:MOS), and Monsanto Company (NYSE:MON). All of these stocks remain range bound on the daily charts at this time.

About Nicholas Santiago 575 Articles


Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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