This morning, the leading agriculture stocks are all trading higher to start the day. The Market Vectors Agribusiness ETF (NYSEARCA:MOO) is trading higher by 0.46 cents to $53.34 a share. The MOO is trading above all of the major daily chart moving averages which puts the stock in a strong technical position. Traders must recognize that the MOO is now getting a little extended and overbought.
This morning, most of the leading agriculture stocks are coming under early selling pressure. This industry group is trading into heavy resistance on the daily charts. The Market Vectors Agribusiness ETF (NYSEARCA:MOO) is a good way to track the agriculture sector. Today, the MOO is trading lower by 0.39 cents to $48.66 a share.
This morning, all of the major stock market indexes are trading sharply higher. For the most part, the rally is broad based as most important stock sectors are climbing. The one sector that is struggling and continuing to show weak relative strength is the agriculture sector. Many of the leading stocks in this sector are actually trading lower as the major stock indexes climb.
(AGU, CRWE, PWRM, PDS, APD) Stock in Action by CRWEWallStreet.com
(WHR, GRHU, NHPR, SLB, AGU) Stocks to Watch by PennyOmega.com
(CLNO, LFT, AGU, DPZ, MJS.V) Stock Highlights by Stock-PR.com
Everything’s been coming up roses for Agrium Inc. (AGU:NYSE) since we alerted the Calgary, Alberta-based fertilizer company in the spring of 2010. Things are so rosy, in fact, that the company’s shares (Ticker NYSE: AGU) have soared in upward of 60-70%…eyeing the $100 whole number pps since our publication regarding the Ag’s cheap, discounted share price.
It is a great time of year! The Christmas music, decorations, family gatherings, holiday plays and stock picks. Stock picks? Yes, ’tis the season for stock predictions! Virtually every financial writer will pen an article selecting his or her top picks for the upcoming year. I enjoy reading them and the logic behind the picks.
Despite a gain of more than 10% in the S&P 500 over the past three months, there's still a real buying opportunity in growth stocks: Our 10 best for 2011 are expected to bolster their profits an average of 61% next year -- vs. 14% for the S&P -- and yet they trade at an average 12 times next year's earnings, vs. 13 times for the S&P.