The market started to rotate in early July to more conservative sectors and AMEX:DBA is showing that agricultural commodities have been outperforming stocks. The ratio SP:SPX / AMEX:DBA made a lower high starting August and then just days later broke a key support level. Then the AMEX:DBA broke above a downward trendline. Is this the start of new trend?...
These food additive companies manufacture agricultural ingrediants and additives that nakes its way to prodcust in grocery stores. Archer Daniels Midlands Co, Bunge Limited, International Flavors & Fragrances, Ingredion Inc, DuPont De Nemours, LyondellBasell Industries, Kerry Group, and Givauden are arguably the largest in this type of category. These companies...
INGR weekly cup and handle with technicals implying a move to $110 by FEB. Look for $93 VP Shelf as support , stop slightly below. Good R/R with commons.
Daily ascending triangle on #INGR $INGR near 52WH . Watch $93 for breakout , entry only after the break above the line .