TEUCRIUM CORN FUND
(CORN-NYSE):
Technical Viewpoint: From a low
of $28.00 on Aug 24, 2010 prices
rallied, reaching a
high of $34.03
on Sep 22, 2010. A
decline saw prices pull back, reaching a
low of
$30.01 on Oct 4, 2010.
Another rally saw prices penetrate
resistance, closing 10/8/10
at $37.16. Technicals: MACD Index (MACD): A Buy Alert!
was given on Oct 8, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $33.20. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 9, 2010. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! TEUCRIUM CORN FUND
(CORN-NYSE) @ $37.25 Stop: Use a protective stop of $35.25.
TEUCRIUM CORN FUND is currently trading @ $37.16 plus $4.74 on Oct 8, 2010. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $12.25. Today's Risk Reward Ratio: 6:1
|
Click here to view full size chart
|