Boring Stocks=Exciting Profits with a System Addict
A new set up in some big names. 3 new buys.
The Agribusiness ETF, MOO, is on the verge of hitting its first 52-week high in over two years. And when that happens, it often signals higher prices ahead for both agricultural products and the producers themselves.
You’ve probably heard the saying, "the best cure for high prices is high prices, and the cure for low prices is low prices." Well, that’s exactly what we’ve been seeing. Agricultural commodity prices have been at rock-bottom levels ever since the spike during the Russia-Ukraine conflict back in 2022. But now, it looks like that downturn might be coming to an end.
It’s been a while since you’ve seen this name in our portfolios, and that’s no coincidence. MOO has been in a downtrend, and sometimes it's really just that simple. When something is moving down, we stay away.
Here’s the reality: nobody rides for free in the market. If you're waiting for a great bargain to magically appear, you're setting yourself up for disappointment. Stick to your systems, trust your signals, and the money will follow.
Personally, I love a good 52-week high signal. And with MOO, we’re getting very close to that point again.
You can also spot this massive downtrend line that MOO is finally breaking out of. Now, I’m not usually the biggest fan of trend lines, but I do love a good 1-2-3 reversal pattern—especially when it lines up with a potential 52-week high.
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