These Fertilizer Stocks Smell Like Blooming Roses

Fertilizer Stocks have been having a good run with many of them breaking out. But three Intrepid Potash (ticker: $IPI), Monsanto (ticker: $MON) and Mosaic (ticker: $MOS) are at that edge now in some interesting patterns. Let’s take a look.

Intrepid Potash, $IPI

Intrepid Potash, $IPI, has been in a rising trend since late May. Notice on the chart above that the rising trendline resistance is complemented by the rising trend in the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicator EMA’s. Now it is above the rising 200 day Simple Moving Average (SMA) and testing the that resistance. If it can get through it then it has resistance at 35 and then 36.20 before a run to 39. If not the tend is still up and it can be bought on a pullback that holds above 31.

Monsanto, $MON

Monsanto, $MON, is peeking above resistance from February 2010, February this year and recently at 75.67. If it can move and hold above the resistance then it has a measured move to 83. The RSI is moving higher and the MACD avoided a cross with a kiss Thursday. All of the SMA are sloping up in support of an uptrend as well.

Mosaic, $MOS

The Mosaic, $MOS, has recently moved higher off of a low near 58.80 and is breaking the resistance of the green dotted trend line which is also the neckline of an Inverted Head and Shoulders pattern. The target for the pattern is at least 83.40 which coincides with the high from April. Along the way it may find resistance at 73.10 and 77.70. The rising RSI and growing MACD support more upside, but eh shorter SMA’s crossing lower through the 200 day SMA suggest a stop at 69.20 would be prudent.

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