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Andersons(ANDE) is a diversified company with interests in the grain, ethanol and plant nutrient sectors of the U.S. agriculture, as well as in railcar leasing and repair, turf products production and general merchandise retailing. This stock is trading up 1.6% at $40.14 in recent trading.
Today's Volume: 115,000
Average Volume: 124,834
Volume % Change: 53%
From a technical perspective, ANDE is bouncing modestly higher here right off its 50-day moving average of $39.20 with decent volume.
Traders should now look for long-biased trades in ANDE as long as it's trending above its 50-day at $39.20 with strong upside volume flows. I would consider any upside volume day that hits near or above 124,834 shares as bullish. If we continue to see ANDE maintain that trend, then this stock has a great chance of re-testing and possibly taking out its next major overhead resistance levels at $43.18 to $43.89.
On the flip side, I would avoid ANDE or look for short-biased trades if it fails to hold this trend, and then takes out some near-term support at $38.84 with high volume.