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| PRIME
STOCK NEWSLETTER FOR NOVEMBER 16th, 2009 |
(If you do not see today's edition, please hit the refresh button) |
Position
Statement: In our Prime
Recommendation Letter we attempt to identify the
recommendation with the highest probability of
moving higher. We recommend that stop orders
be placed at the time of purchase, and once
the position has moved profitable we recommend
a stop be placed a minimum of $0.375 above the
purchase price and moved higher as the position
moves higher. |
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Today's Comments: The overall market looks to move higher again this morning.
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Recommendation: BUY
Terra Industries, Inc. 'TRA' |
| Company: Terra Industries, Inc. |
Symbol: 'TRA' |
Closing
Price: $37.74 |
Web: www.terraindustries.com |
YH: $38.08 YL: $11.21 |
EPS: $3.22 P/E: 12 |
Shares
Outstanding: 100 Million |
Forecasted
EPS:.$2.80 |
Market Cap.: $3.8 Billion |
| Dividend: $0.40 |
Yield: 1.10% |
Aver.
Daily Trading Volume: 2.1 Million Shares |
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| Price Targets: $42.30 |
Downside Stop: $36.21/share |
| Options Rec.: November 35 Calls @ $3.50/contract |
Options
Symbol: TRA K35 |
Additional
information on Terra Industries, Inc. 'TRA' can be found (here)
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Company Description: Terra Industries Inc., together with its subsidiaries, engages in the production and marketing of nitrogen and methanol products for agricultural and industrial markets in North America and the United Kingdom. The company offers fertilizers, such as anhydrous ammonia, urea ammonium nitrate solutions, ammonium nitrate, and urea, as well as nitric acid, carbon dioxide, and dinitrogen tetroxide. It sells its products to national agricultural retail chains, farm cooperatives, independent dealers, and industrial customers. The company was founded in 1964 and is headquartered in Sioux City, Iowa.
Chart updates daily |
A
full list of the news headlines
for Terra Industries, Inc. 'TRA' can
be found (here) |
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Our Analysis: The shares of Terra Industries, Inc. 'TRA' moved sharply higher on Friday on significantly heavier than normal trading volume. The shares of 'TRA' finished the day by completing a "cup pattern" with a measured move to our stated price target of $42.30/share. This is a very bullish trading signal. I see downside support on the shares of 'TRA' @ $36.68/share, and have set my stops accordingly @ $36.21/share.
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Stocks
Looking Higher |
AMZN, QLGC, KO, NOC, FDS, AKAM, ATHN, UTX, MSFT, CRM, DIS, TYC, NLC, URBN, GR, FFIV, BMC, TRA, UFS, LOW, MO, GLW, CY, MCD, MRVL, IR, MHP, CAG |
Stocks Looking Lower |
GE, JPM, AA, DELL, JWN, MPEL, GME, SWN, SUN, FLR, HK, LINTA, RRC |
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| Yesterday's
Edition of the Prime Stock Newsletter |
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Sterling Investment Services may hold positions
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within this report. |
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