There's probably some seasonality to this pick, but I'm looking to enter Potash(POT) at about $108. It closed today at $111.40, but I'd like to get in at a better price if possible. The bullish engulfing pattern that posted at today's close and the Stochastics tell me this has a chance to move higher.
If it can sustain a close above the 50-day moving average for the next 2-4 trading days, I think this will rally to $115-$120.
Obligatory disclaimer: Past results do not guarantee future performance. The suggestions above are simply suggestions and the blogger is not liable for any losses incurred as a result of actual investment activity on the part of the reader.
Happy Trading!
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