Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Farming And Mining Equipment Stocks Continue To Dig Deeper Holes

Published 07/11/2012, 02:52 AM
Updated 07/09/2023, 06:31 AM
NDX
-
CAT
-
JOY
-
FTNMX551030
-
TSCO
-

This afternoon, most of the leading farming and mining equipment stocks are declining lower on the session. All of the leading stocks in the sector remain very week at this time. Tractor Supply Co (NASDAQ:TSCO) is leading the declines for the industry group today. TSCO stock is trading lower by $3.80 to $79.81 a share. Short-term traders should watch for intra-day support around the $77.40, and $73.00 levels.

Some of the other leading stocks in the sector that are declining lower today include Caterpillar Inc (NYSE:CAT), Joy Global Inc (NYSE:JOY), and Deere & Co (NYSE:DE). All of these stocks except Deere & Co look very weak on the daily charts by trading below the 50, and 200 moving averages. This sector remains vulnerable to further declines at this time.
TSCO CHART

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.