Agriculture stocks have under-performed a lot of other sectors. However, they have been on the move for the past few days. We all know that MOS, POT were stars in the last bull run in 2007. I doubt that they would run up to their previous highs any time soon. But it really should not matter because it is much harder to hit a home run than the hit-and-run guerrilla tactic.
Here is a list of the agriculture related stocks in order of their strengths. They are relatively safer than those that have risen 200-300% because they just started moving out of their consolidation ranges.
TRA [Terra Industries Inc.] is the strongest among its pack, which has broken out to the 52 week high. With a relatively low P/E (12.5) and a mid-cap size, institutions like it. Here is its daily chart
Click on the image to have a better view
AGU[Agrium Inc.] is strong. The chart is fine since its uptrend is intact. However, it might see a small pull-back soon since it has moved quite a bit from the last low.
MOS[ The Mosaic Company ] and POT[Potash Corp./Saskatchewan] are on the move too.
BTW, it is very important to Follow Leaders , in whch I deteailed why and you can also see a few examples.
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