Probably gets exceeded this week. $29.30 is too low of a target. The $34 target i think it was s&p is more likely. Once this earnings season is over and the market reviews it by sector and company this sector will get more attention, especially adm. Any company with good earnings and the ability to increase the dividend in this economy is a strong buy and will get noticed. Still like big oil as investment but adm will outperform in this weak economy.
I would not suggest that one sell at $29.30. If adm hits $40 next week maybe its a sell on some sort of short term trade, but over time i expect even better results. This is my best pick for a long term buy and hold. Acutally no need for me to check in on adm so often. Certainly think adm has better mid term future than the financials or insurance companies, good defensive stock. jmho.