On march 18 I noted that the right leg of a head and shoulder was forming and the stock would probably drop. NOW check a 3 month chart of UAN and note that the 50 day av just crossed the 200 day av (bearish) and the fast stoch and the w/%r indicate a further drop.. Only the RSI is less that fully bearish. Bottom Line is that I will wait a little to buy.
Yeah, Zacks mentions the strong buy rating for UAN whenever they give an opinion on any Ag related stock. I have been matching my buys with an equal number of Aug 30calls. The market maker has gotten stingier in the last few days.
That chart warning by monarch could have been a paid spam by the accumulators to fake us into waiting for a deeper dip. earnings only three weeks away..... I guess that gives them plenty of time to exercise a shakeout.