I think NUF is starting to look good. I just repurchased.
It has been consolidating for a couple of months and now could be on the move. It has held support around that $4.00 level and the long period of consolidation augers well for a strong move up once it increases.
Today was a 3.4% jump which is significant for Nufarm. It has just popped its head above the 30 day moving average too.
World weather has been all bad news for some years and now could be the time in the sun for NUF. It appears Europe conditions and business has improved.
The outlook statement will be most interesting and could be a catalyst when they soon post results. Plus I believe an update on the Omega-3 canola oil will be good reason for momentum.
NUF Price at posting:
$4.27 Sentiment: Buy Disclosure: Held
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