Big-stock fertilizer name Nutrien (NTR) failed on a breakout attempt after earnings last week and has since broken below the 20-dema. So far this is playing out as a potential late-stage failed-base (LSFB) short-sale set-up. There is no guarantee it will continue to do so, but a bounce off the 50-day moving average on Friday has resulted in a rally into the 20-dema where the stock potentially becomes shortable using the line as a covering guide. The real-time five-minute 620-chart shows a sell signal as the fast MACD line (orange) crosses below the slow MACD line (blue).
Short-Sale Set Up - Nutrien (NTR) 11/8/21
|Published:||8 Nov 2021 10:27 ET|
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