Archer-Daniels-Midland Morphs Into a Momentum Stock

Archer-Daniels-Midland (ADM), a large grain processor and ethanol producer, is up over 150 percent since May 2005 on positive news about the anticipated use of ethanol in vehicles. This one-time sleepy stock is being scooped up in a frenzy by investors.

In the long run ADM could go much higher, but the stock is very over extended so wait for price dips before you buy it.

Posted May 11, 2006.