Potash (POT) has returned over 247% to investors that have held on. From a low of 11.81 in October of 2006 to today's level the price has risen. I'd like you to notice in this 5 year graph provided by Barchart how although recessions have effected the price it always recovers when things get better:
Barchart technical indicators:
- Please remember these are technical indicators based on short term price movement and sell signals on stocks with great long term fundamentals can signal buying opportunities
- 96% Barchart technical sell signals
- Trend Spotter sell signals
- Trading below its 20, 50 and 100 day moving averages
- The price has dropped 28.52% in the past month
- The stock is 34.56% off its 1 year high
- Relative Strength Index is 24.09% and dropping
- Barchart computes a technical support level at 40.49
- The stock recently traded at 41.76 which is below its 50 day moving average of 54.26
Summary: Potash (POT) is one of those basic material stocks that needs to be in every long term conservative portfolio. People world wide need corn and soybeans to eat, feed to animals, use for cooking oil and now of alternative energy sources. To grow these products on an ever decreasing agricultural base fertilizers are essential to increase yields. This stock is in the middle of that need and its recent drop in price offers an excellent opportunity to acquire a world class stock at a bargain basement price.
Jim Van Meerten is a Marketocracy Master
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