| Archer-Daniels-Midland (ADM),
the large grain processor and ethanol producer headquartered in
Decatur, Illinois, has bounced off the lower boundary of its long-term
price channel. The stock moved up after reporting better than expected
earnings.
Before the sharp bounce, the stock had declined from $44.91 to
$31.21, a 25.67 percent decline.
If ADM can sustain its earnings growth, the stock should stay on
the upside.
Click on the blue chart to the right to see more information about
Archer-Daniels-Midland.
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At the Lower Boundary of Its Price Channel
Is Archer-Daniels-Midland
Headed to $25?
Archer-Daniels-Midland
Is a Tough Call
Archer-Daniels-Midland is Overpriced
Archer-Daniels-Midland Morphs
Into a Momentum Stock
Archer-Daniels-Midland Up on
Biofuels Prospects
Price Patterns
- Support Levels May Constrain Price Downsides
Posted February 7, 2007.
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