GRO is approaching the $2 resistance. Is this the time to sell?
Technical Analysis from last night GRO gain 21.71% on 12/28/10 and a toal percentage of 25.85% in the past 3 days GRO is trading in the range of $1.40 - $1.90 in the past 30 days. Average True Range (Atr) is bullish for GRO. The 22-day exponential moving average is moving up for GRO. GRO formed a Last Engulfing Top signal. Money Flow Index (MFI) is bullish and moving up for GRO. On Balance Volume (OBV) is bullish and moving up for GRO. The 10-day simple moving average is bullish and moving up for GRO. GRO formed a bearish Stochastic Crossdown signal. GRO formed a bullish Upper Bollinger Band Crossover signal. Average volume increase over 10% for GRO. Stock performance base on day of week in the past 90 days. Monday: -1.69% Tuesday: -8.43% Wednesday: 29.89% Thursday: 7.33% Friday: 6.20%
Time to buy is now. Planting season starts after the Chinese New Year, Feb 3, 2011. Food will be consumed by Billions and billions of Chinese celebrating the Chinese new year celebration and inflation in food price is also the main catalyst for agri stocks to move up.