Potash (POT) NewsBite - Lower Agricultural Prices Drag Down POT

Thursday, September 04, 2008 12:23 PM EDT

Potash (NYSE: POT) opened at $153.00. So far today, the stock has hit a low of $146.42 and a high of $156.32. POT is now trading at $150.45, down $5.01 (-3.22%). The stock hit its 52-Week high of $241.62 in June and set its 52-Week low of $85.66 in September. Potash Corp. of Saskatchewan shares have been tumbling today dragged down by slipping agricultural prices. Technical indicators for the stock are bullish and S&P gives POT a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on POT the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 180 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (POT)