Potash Looking at the Abyss

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Potash Looking at the Abyss

Published on Thursday, 15 December 2011 11:34 Written by Christopher Lynn

pot New York, December 15th (TradersHuddle.com) - Shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) booked a new 52 week low by trading below $38.71, traders are definitely monitoring Potash's price action to see if this move attracts further selling, or it this last push down sets a tradable bottom in the stock.

Potash Corporation of Saskatchewan Inc. (NYSE:POT) produces potash, phosphate, and nitrogen for the agricultural and industrial industries worldwide. The Company operates in Canada, Chile, the United States, Brazil, and Trinidad.

Potash is currently trading -0.75% versus its previous trading session close, and it has calculated support and resistance at $39.60 and $44.50 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading higher by 0.47% from its previous trading close, which means that Potash stock is underperforming the overall market.

Prices Are Interesting Again - TheStreet.com
Potash Corporation Of Saskatchewan Inc. (POT): Today's Featured Chemicals Loser - TheStreet.com
Potash Corporation Of Saskatchewan Inc. (POT): Today's Featured Chemicals Loser - TheStreet.com
A Fertile Investment Idea - TheStreet.com
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Potash Corporation Of Saskatchewan Stock To Go Ex-dividend Tomorrow (POT) - TheStreet.com
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UPDATE: Goldman Sachs Downgrades Potash Corp to Neutral - Benzinga
Potash Corporation Of Saskatchewan Stock To Go Ex-dividend Tuesday (POT) - TheStreet.com

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