Agriculture Stocks Spring Higher Despite Market Weakness

This morning, many of the leading agriculture stocks are trading higher despite the weakness in the major stock indexes. CF Industries holdings Inc (NYSE:CF) is considered to be one of the leading agriculture stocks in the sector. Today, CF stock is trading higher by $7.00 to $184.70 a share. Short term traders should watch for intra-day resistance around the $185.00, and $191.00 levels.

Some other leading agriculture stocks that are trading higher today include Potash Corp./Saskatchewan (NYSE:POT), Intrepid Potash Inc (NYSE:IPI), and Mosaic Co (NYSE:MOS). Traders must realize that these stocks are trading higher in a weak market, therefore the upside from these levels are likely to be limited until the major stock indexes can bounce higher.

About Nicholas Santiago 575 Articles

Affiliation: InTheMoneyStocks.com

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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