CHICAGO, Feb. 10, 2011 /PRNewswire/ -- Zacks highlights commentary from People and Picks Trader "inthemoneystocks".
(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
For more Voice of the People, visit http://at.zacks.com/?id=5851
Featured Post
Ag Stocks Higher but Stall at Double Tops
February 10, 2011 - RELATED TICKERS: The Mosaic Company (NYSE: MOS) and Intrepid Potash, Inc. (NYSE: IPI).
Agriculture stocks are having a solid day. While the market is slightly lower, stocks like The Mosaic Company (NYSE: MOS) and Intrepid Potash, Inc. (NYSE: IPI) are higher. While these two stocks are higher, both ran into major double top resistance points and have stalled out.
Less than a month ago, MOS hit a 52 week high of $85.99. After hitting that high, the stock collapsed in a bloodbath, dropping to a low two days later of $71.87. After inching higher almost every day since then, the stock reached the double top today, crossing it briefly. Since crossing it, MOS has pulled back.
The same applies to Intrepid Potash. IPI topped out on January 18th, 2011 at $39.63. Within two days, it collapsed to a low of $33.90. After hitting this level, the stock rallied all the way back up to the double top high. After briefly crossing it today, it has pulled back.
This double top level should continue to be solid resistance in the short term on both stocks.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=5957
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=5958.
Follow us on Twitter: http://twitter.com/ZacksResearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact: Brent Billock |
|
People & Picks Manager |
|
Visit: www.Zacks.com |
|
SOURCE Zacks Investment Research, Inc.
Share this article