Thursday, January 10, 2008

One Hot Sector for 2008

Sector trends, gotta love them.

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Despite the recent down moves, the Agribusiness sector is still in a healthy uptrend, and it is a case of innocent until proven guilty.
How strong is the Agribusiness sector?
- 8 out of the 10 shown above are above their respective 20d and 50d EMA's.
- both the 20 and 50d EMA's are pointing up for 9 out of the 10 stocks shown above.

I find it interesting that the majority of them printed an inside day today, which make them very playable.
For instance:

CF: buystop @112.5, stoploss@107
TNH: buystop @140.05, stoploss@132
POT: buystop @137.55, stoploss@132
TRA: buystop @47.05, stoploss@45.45
SEED: buystop@9.30, stoploss@8.44

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