Potash Corp. of Saskatchewan
Three-Month Average Volume: 10.53 million
Volume % Change: 162% >>5 Stocks With Big Insider Buying From a technical perspective, POT bounced higher here right off some near-term support at $30 with heavy upside volume. This move is quickly pushing shares of POT within range of triggering a major breakout trade. That trade will hit if POT manages to take out some near-term overhead resistance at $31.29 and then once it clears its gap down day high from a few weeks ago at $31.89 with high volume. Traders should now look for long-biased trades in POT as long as it's trending above some near-term support at $30 or above more support at $29 and then once it sustains a move or close above those breakout levels with volume that hits near or above 10.53 million shares. If that breakout triggers soon, then POT will set up to re-fill some of its previous gap down zone that started at $38.09. Some possible upside targets if POT gets into that gap with volume are $34 to $35.