Today's Research on Monsanto, Agrium, FMC Corp., and Ferro Corp.
LONDON, March 21, 2013 /PRNewswire/ --
The demand for chemical products is expected to rise in 2013 after a challenging 2012. Demand will be driven mainly by emerging markets. Meanwhile, Europe remains a worry for companies such as Monsanto Company (NYSE: MON), Agrium Inc. (NYSE: AGU), Ferro Corporation (NYSE: FOE), and FMC Corp. (NYSE: FMC). On Wednesday, chemical stocks struggled even as the broad market edged higher as investors brushed aside concerns over Cyprus's bailout. StockCall professionals have completed their technical analysis on MON, AGU, FOE, and FMC and these free reports are accessible by registering at
http://www.stockcall.com/research
Shares of agriculture chemicals company Monsanto Company edged higher in trading on Wednesday, reversing some of the recent losses. The stock ended the day 0.80% higher at $103.12 on volume of 1.80 million. Despite the gains, Monsanto's shares have fallen more than 1% in the last three sessions. Year-to-date, however, the stock's performance has been in-line with the broad market. The company's shares have gained more than 9.30% so far this year, compared to a gain of nearly 9.30% for the S&P 500. Shares of MON are currently trading close to their 52-week high of $104.96. The stock's MACD, nonetheless, has crossed below the signal line recently, which is a bearish signal. Sign up for the free technical research on MON at
http://www.StockCall.com/MON032113.pdf
Shares of Agrium Inc. slipped in yesterday's trading session even as the broad market edged higher. The stock closed 0.57% lower at $100.32 on volume of 874,454 on Wednesday. Agrium's shares have struggled this year, gaining just 0.45%, year-to-date, even as the broad market has climbed to multi-year highs. The stock has seen a series of lows over the past few sessions, which is a bearish signal. The downbeat trend is further confirmed by recent volume activity and the stock's MACD chart. Shares of AGU currently have support at around $100. Be sure to read our latest technical research on AGU by registering at
http://www.StockCall.com/AGU032113.pdf
Ferro Corporation shares have rallied this year, gaining more than 63%, year-to-date. The stock is currently trading close to its 52-week high of $6.99. However, in recent weeks, Ferro's shares have traded in a very tight range. The stock's MACD has also crossed below the signal line, which suggests that market sentiment has turned bearish on the stock. On Wednesday, Ferro Corp.'s shares once again struggled. The stock closed flat at $6.84 on volume of 413,866. In the last one week, the company's shares have gained 0.29%. Sign up and read the complimentary report on FOE at
http://www.StockCall.com/FOE032113.pdf
Shares of FMC Corp. struggled in Wednesday's trading session even as the broad market rallied. The stock closed 0.19% lower at $59.16 on volume of 645,459 yesterday. The stock has fallen 1.4% in the last three sessions. FMC's shares have slipped after failing to break through $61 resistance level. The stock's MACD has crossed below the signal line recently, which is a bearish signal. The negative trend is further confirmed by recent volume activity. The major diversified chemical company's shares have also slipped below their 50-day moving average. Year-to-date, its shares have gained a little over 1%, underperforming the S&P 500, which has gained more than 9.20% in the same period. The free report on FMC can be downloaded by signing up now at
http://www.StockCall.com/FMC032113.pdf
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