Monday, November 17, 2008

Archer Daniels Midland (ADM) Showing Strength


This chart looks bullish. ADM broke out of a downtrend channel, found support at the 50DMA, broke through resistance, and now appears to be heading higher. This is impressive considering the action in the overall market. I'm going to put this one on my watchlist, and may try to take a stab at an entry.

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