Terra Finds New Ground
by Sam Collins 06/24/08
Terra Industries Inc. (TRA) -- This leading producer and marketer of nitrogen and methanol products for agricultural and industrial markets has been in a bull market for just two years.
In that short time, it has climbed from $8 to $55 with just one correction in mid-2007. So far this year, TRA has consolidated its gains between $50 and $35 but in the last couple of weeks, it broke into high ground. The target for the new breakout is $65.
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Thursday's dramatic acceleration, coupled with a 'key reversal day' on Monday, leads me to the conclusion that the markets will continue to rise.
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