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.
Get Sam Collins' Daily Trader's Alert e-mailed straight to your inbox each morning before the opening bell absolutely FREE!
In addition to getting instant access to his Trade of the Day, you'll also receive, in the same e-mail, his Daily Market Outlook so you can start your day off right by positioning yourself for profits!
Click here today to sign up today for Sam's FREE Daily Trader's Alert!
You can also check out an archive of some of his most recent trades by clicking here.
More By This Expert
Bulls or Bears: Who's Really in Charge?
The bulls have succeeded in holding off any heavy liquidating, but it is very difficult to determine whether the bulls or the bears will lead the market in the near future.
ASA Ltd. Offering Attractive Entry Point
The recent pullback on profit-taking may be a good opportunity to buy ASA for the longer-term.
The Nasdaq is looking very tired and barely able to hold above its 20-day moving average.
Catalyst Health Solutions Gets Its Catalyst
CHSI broke through the critical resistance at $24, so look for it to run higher.
Bulls Will Struggle Without Higher Volume
The Nasdaq underperformed the other indices for the first time in two weeks, and the Dow and S&P 500 are moving into some areas of heavy overhead.
- What's Hot: POT and USU July 2, 2009
- Sidewinder: AXP and BSX July 2, 2009
- Options News: KLAC, NVLS, CHK July 2, 2009
- What's Hot: NAV and VIX July 1, 2009
- Sidewinder: KLAC, ENDP July 1, 2009
Options Broker Center
