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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Thursday, January 10, 2008
One Hot Sector for 2008
Posted by Phileo at 11:55 PM PermaLink This!
Labels: sectors
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