Pre-Market Analysis on Potash Corp., Mosaic, CF Industries, and Intrepid
LONDON, March 5, 2013
LONDON, March 5, 2013 /PRNewswire/ --
Agriculture chemical sector is looking up after dealing with fickle weather
conditions last year. The companies expect farmers to plant more, thus driving
up demand for agriculture chemicals. Uptick in agriculture produce is also
expected to boost demand. The Dow Jones ended its latest session at 14,127.82,
up 0.27 percent while NASDAQ was up 0.39 percent to close at 3,182.03.
Similarly, S&P also closed on a positive note at 1,525.20, up 0.46 percent.
Our research team took a look at Agricultural Chemicals industry which
includes major companies like Potash Corp. of Saskatchewan Inc. (NYSE: POT),
Mosaic Co. (NYSE: MOS), CF Industries Holdings Inc. (NYSE: CF) and Intrepid
Potash Inc. (NYSE: IPI). StockCall has posted free technical research on POT,
MOS, CF, and IPI which can be downloaded upon sign up at
Potash Corp. of Saskatchewan Inc. is currently in a neutral mode as the stock
ended its previous trading session at $39.21, down 1.01 percent. The stock
traded in the range of $38.81 and $39.57 during Monday's session. Its first
support level is at $38.60 and upon breaching this level, the stock may go
down to $37.28 level. On the upside, Potash Corp.'s may touch $39.63 level.
The stock has traded in the range of $36.73 and $47.67 in the past 52 weeks
and it declined by 15.97 percent during the same time period. On a
Year-to-Date basis, the stock is down 3.64 percent. Sign up and read the
complimentary report on POT at
Mosaic Co.'s shares declined in Monday's trading session, ending the day 0.21
percent lower at $58.35. The stock fell to an intra-day low of $57.60, while
its intra-day high stood at $58.39. Despite the downward movement, Mosaic Co.
has gained more than 3 percent this year, compared to a gain of 6.94 percent
for the S&P 500. Mosaic Co. shares have strong support at around $57.62, as
the stock shows a neutral trend. The stock is trading higher than its 20-day
and 50-day moving averages. The free report on MOS can be downloaded by
signing up now at
CF Industries Holdings Inc. traded in the range of $198.57 and $201.18 in
yesterday's trading session and ended the day at $200.42, down 0.54 percent.
The stock's 52 weeks range stands at $154.17 and $233.43. CF Industries has
gained 6.46 percent of its value in the past 12 months, while it is down 1.35
percent this year so far. The agricultural chemicals company is in a bearish
mode and may find its first support level at $194.30. It is trading below its
20-day moving average of $214.35. Free report on CF can be accessed by
Shares of Intrepid Potash Inc. ended its previous trading session on Monday at
$18.89, down 2.12 percent. The stock lost more than 11 percent this year, in
contrast to the gains shown by the broad market. Intrepid Potash traded
727,000 shares during yesterday's session, in comparison to its usual volume
of 665,000 shares. The stock has slipped from $19.27 resistance level. It has
support at around $18.65 at the moment. With its downward movement, the
company is still trading below their 20-day and 50-day moving averages.
Register with StockCall and download the research on IPI for free at
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