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Thursday, November 11, 2010

Potash Corp (POT) Stock Analysis

By Tim -

The following is technical analysis on Potash Corp. of Saskatchewan, Inc. (POT) stock for November 11, 2010

Potash Corp. of Saskatchewan, Inc. (POT) Support & Resistance Levels - 11/11/10

Resistance Levels: $145, $153.19

Support Levels: $140, $138 - Chart

Potash Corp. of Saskatchewan, Inc. (POT) continues to be a boring stock but hold that $140 level. Recently, BHP Billiton (BHP) was blocked by the Canadian Govenment to buy Potash Corp but POT didn't budge. This price action suggests the bottom is in and Potash might be able to move higher. Potash Corp will have resistance between $150-$153 and if the stock closes above this resistance area, it could be a big mover.

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