Potash Corp - Possible Bear Trap???

Written by MrStockFox. Posted in Trade Ideas

I like the setup here on Potash Corp.  It recently reported one of its worst quarterly earnings in its history, but yet the stock has failed to breakdown.  It also reported a 60% dividend cut.  If a stocks fails to breakdown on horrible news it usually means that the tide is about to change.  I plan on adding to my position this week.  A breakout above 18-18.50 would be very positive.