is this pure technical play, or something more

Hi All,

Does anyone know if PAG is simply a technical play or is there some good reason behind its uptrend.

I made a quick note with a graph at:
http://ozstock.blogspot.com/2010/10/pag-primeag-australia.html

As the graph shows, PAG is in a strong definite uptrend and it seems to be a good technical signal to hop on board.

But I look at the fundamentals and they seem appalling.
see http://ozstock.blogspot.com/2010/10/pag-primeag-australia.html

Is it just the wheat and grain prices forcing any grain company to go up? If so why the other grain companies does not show as strong an uptrend.