Agricultural Chemicals

Agricultural Chemical stocks: AGU, TRA, POT, and CF.

There are several things to notice with this sector:
1) All of them have fallen to their 200 day MA
2) MACD Histogram suggests short-term upward momentum
3) Their angle of ascent has started to flatten

From a bullish standpoint the 200 day MA has acted as support for these stocks for the past two years and this may result in a bounce. From a bearish standpoint, however, all of these have gotten pretty choppy and their angle of ascent is flattening (possibly rolling over) which may indicate an upcoming change of direction. If you'd like to play any of these, please use intelligent stops, such as the 200 day MA or a trailing stop. Things in general have been choppy lately and nothing is more aggravating than turning a winning trade into a losing one.