Barchart.com has XLB (materials) as a strong buy, and I agree.
Mosaic (fertilizers, potash), is at a nice support area with a double bottom and sitting just above POC on the weekly.
It has a 17.2 % free cash flow yield (superb), piotroski score of 7 (excellent), 20% return on invested capital (good), 24 % ROE (good). Finbox models have a 43.7% upside.
It may be a little overbought on the daily, and still in the ichimoku cloud, but it is nearing a rip.
First major resistance at 49.31, and from Friday close at 40.22, that is 22.6 % upside.
Industry peer CF surprised on the earnings top line on 8/2 and seems to have a similar chart climbed 17% in the earnings run up. may have more upside.
AwesomeAvani
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Agreed. The fertilizer industry is all screwed up with the Russian-Ukrainian war. Ukraine not only has had its fertilizer industry which is a global leader put in shambles but now it wheat exports to Africa are embargoed with the deal falling apart. Other countries will need to pick up the slack and condition their soil for hugh yield crop production. Just like the defense sector, the fertilizer industry is coming into a boom of growth. Fundamentals compliment the technicals. !$!$!$!$$!$!$!.
@Dan_B_Cooper, I swung this back in Jan 10 points up. I have resistance at 42.35 ish? I do think there will be 1 more retrace to test 35 ish before it finally turns and goes higher. We shall see. Thanks for posting.
UnknownUnicorn13101
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@opusuno, yes, looking at the daily I could see some congestion around the 42-44 area, but I think it will just be a pause area. I traded this stock back when it was in the 30's. Great stock for a materials hold.... good luck@