Ripening Charts

Archer Daniels Midland (ADM) came up on one of my scans this week, and the stock is setting up for a nice potential breakout. The moving-average convergence-divergence (MACD) line is looking to cross over in a bullish fashion today, although any late-afternoon fade could put that on the back burner. The price does look fantastic right now, though I'm concerned about a somewhat lackluster volume push, along with a lower Commodity Channel Index (CCI) vs. the recent highs.

Archer Daniels Midland (ADM) -- Daily Source: StockCharts.com View Chart » View in New Window »

When I see a setup like this, I don't want to avoid the name, but I do tend to look at some related names in additoin to a long ADM position. In this case, I find the setups on Fresh Del Monte Produce (FDP) and Chiquita Brands (CQB) to be intriguing....263 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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