| Archer-Daniels-Midland (ADM),
the large grain processor and ethanol producer headquartered in
Decatur, Illinois, is trading at an all-time high due to high energy
prices and the current pro-alternative energy political and legislative
sentiment.
ADM had a similar strong upside move in 2006 only to see it fad
as the stock made a significant correction.
Currently, the stock faces resistance in the mid $40 range. Expect
it to make a price correction soon.
Related Articles:
Ethanol and Ethanol-Related
Stocks
Price Patterns -
Resistance Levels Are Barriers to Price Upsides
Posted January 1, 2008.
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