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The Basic Industries Sector Has Not Maintained QE Hype

Dow Chemical (DOW - Get Report) ($28.71 versus $28.84 on July 31): This diversified chemicals stock continues to have a buy rating according to ValuEngine with a reasonable P/E ratio. DOW is below its 200-day simple moving average at $31.79.

The stock set its 2012 high at $36.08 on April 25 with its 2012 low at $28.45 on Sept. 5. The weekly chart profile is negative with the 200-week SMA at $27.55. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.

Freeport McMoRan (FCX) ($39.41 vs. $33.99 on July 31): This nonferrous mining stock continues to have a buy rating according to ValuEngine with a reasonable P/E ratio.

FCX is above its 200-day SMA at $37.67. The stock set is 2012 high at $48.96 on Jan. 26 and 2012 low at $31.08 on July 25. The weekly chart is neutral with the 200-week SMA at $37.97. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.

Monsanto (MON) ($88.59 vs. $86.90 on July 31): This agriculture products company continues to have a buy rating according to ValuEngine with an elevated P/E ratio and is well above its 200-day SMA at $80.59.

MON set its 2012 high at $91.95 on September 21 after setting its 2012 low at $69.70 on May 18. The weekly chart is overbought and shifts to neutral this week given a close on Friday below its five-week modified moving average at $88.20. The 200-week SMA is $72.78.

Investors and traders should employ a "buy and trade" strategy between the value level and risky level. Monsanto released its fourth quarter earnings pre-market on Wednesday, and reported an EPS loss of 44 cents in-line with estimates. Revenue fell 6.1% to $2.11 billion well below the consensus of $4 billion. Shares fell 2.6% in Wednesday's trading.

The Mosaic Co (MOS) ($54.89 vs. $58.35 on July 31): This fertilizer stock continues to have a Buy rating according to ValuEngine with a reasonable P/E ratio and tested its 200-day SMA at $54.54 on Wednesday. MOS set its 2012 high at $61.98 on September 7 after setting its 2012 low at $44.43 on June 4. The weekly chart is negative with the 200-week SMA at $56.78. Investors and traders should employ a "buy and trade" strategy between the value level and risky level.
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