Fertilizers have been some of the last few remaining leaders to hold up near their recent highs, but that is starting to shift. Nutrient (NTR) is a short-sale entry here as it breaks below the 50-day line. The high of the day or the 50-dma can serve as a selling guide.
Keep a close eye on the other names in the group as they tend to confirm and correlate. Here's Mosaic (MOS) triggered a short-sale entry at its 50-day line today as well.
CF Industries (CF) may be next as it makes a move back down towards its own 50-day moving average.
Short-Sale Set Up - Nutrien (NTR) 5/18/22
|18 May 2022 13:54 ET
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