NUF has been on a run since November and now sitting at the top of the well respected channel and bollinger band. Short would be looking for a bounce off upper trend line and longs looking for a break out above upper trend. Short alert set for 4.98 and long alert set for 5.40 within next 5 days which could be psychological level. this is a wait and see situation...
Nufarm was up by more than 20% after confirming the sale of its South American assets, associated with seed treatment and crop protection. The company has sold the assets for A$1.19 billion to Sumitomo Chemical.
The transaction includes assets in Brazil, Chile, Colombia, and Argentina. The sale should allow the Australian farming company to focus on high margin,...
NUF’s stock is now floating at around -43% below its actual worth of $15.8, at the market price of AU$8.95, according to my discounted cash flow model. This difference in price and value gives us a chance to buy low.
NUF is also a financially robust company, as current assets can cover liabilities in the near term and over the long run. The stock’s debt-to-equity...
