The following is technical analysis for Potash Corp. of Saskatchewan, Inc. (POT) - March 15, 2010
Potash Corp. of Saskatchewan, Inc. (POT) Support & Resistance Levels - 3/15/10
Resistance Levels: $126.36, $136.11, $145
Support Levels: $123.10, $120, $117.11
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Shares of Potash Corp. of Saskatchewan, Inc. (POT) exploded to the upside on Friday after the company raised guidance. If you can remember, Potash Corp did not breakout with the stock market during the summer. The stock is basically flat from May 2009 until now. Having said that, this is why I feel there is big upside ahead for the rest of the year. Watch for a close above $126.36, when this happens, I believe POT will retest $136.11 resistance.
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