Rising Channel Break in POT

By T3 Live
26 May 2009 @ 10:02 am EDT

Today's "Trades for Thought" setups is to short Potash Corp.Saskatchewan, symbol POT. This stock has had a large price movement higher in a very short period of time, and on Thursday of last week, it broke the rising channel that had been developing since early May. Look to enter new shorts beneath the prior day's low.

For video analysis and a breakdown of the chart, please visit www.t3live.com

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