Potash Corp. of Saskatchewan (NYSE: POT) Stock Upgraded at Zacks Investment Research

Analysts at Zacks Investment Research upgraded shares of Potash Corp. of Saskatchewan (NYSE: POT) from Strong Sell to Hold today. With a rating of Hold on the shares, Potash Corp. of Saskatchewan has a 52-week high of $22.37. A number of other analysts have commented on the company in recent days, and the company has earned a consensus one-year price target of $16.64, above the opening price of $15.97. Share prices often trend to the upside on recommendations and new price targets of professional brokerage firms.

U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.

The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.

The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.

The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.

Shares of Potash Corp. of Saskatchewan (NYSE: POT) opened at $15.97 yesterday trading between $15.83 and $16.24, and last traded at $15.94, which represents a dip of $0.02 compared to the previous closing price.

Potash Corp. of Saskatchewan (NYSE: POT) now has a market cap of 13.38B.

10,816,991 shares traded hands yesterday, 6 percent higher than the norm, out of a total float 837,182,000. Significant gains in trading volume and price inflation together could signal excessive volume aggregation by institutional investors.

While increased trading for short periods will not mean much, conversely, a trend of heavy trading volume on the buy side over a series of days or weeks delivers a positive indicator to market traders that institutions may be moving in, so institutional sponsorship is critical.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These instituitional investors retain teams of analysts that research thousands of stocks, so it is good validation to see them buying a stock you’re researching.

By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.

Trades for Potash Corp. of Saskatchewan (NYSE: POT) have ranged from $14.64 – 22.37, and the stock now has a 50-day MA of $16.55 and 200-day MA of $16.85. Today’s last price is 0.29% under the 52 week high of $22.37.

Earnings growth is a crucial factor to look at when investing in stocks and investors watch for companies that have grown their earnings by at least 25% for the past 3 years.

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