Today, shares of Agrium (NYSE:AGU) have advanced above their 10-day MA of $113.35 on a volume of 102K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Agrium Inc. supplies nitrogen, potash and phosphate for agricultural, industrial, and specialty use. The Company operates throughout the America's while it markets its products globally.
Agrium share prices have moved between a 52-week high of $115.31 and a 52-week low of $74.28 and are now trading 54% above that low price at $114.02 per share. The 200-day and 50-day moving averages have moved 0.44% higher and 0.72% higher over the past week, respectively.
Agrium (NYSE:AGU) has potential upside of 5.7% based on a current price of $114.02 and analysts' consensus price target of $120.53. The stock should discover initial support at its 50-day moving average (MA) of $103.96 and subsequent support at its 200-day MA of $96.29.