AgFeed Industries Inc. (FEED) Starts Showing Initial Signals Of Strength On Charts
By Mark Moneymaster
March 09, 2010 12:55 PM
March 09, 2010 12:55 PM
Symbols: FEED
Animal feed and pork company AgFeed Industries Inc (NASDAQ: FEED) reported a 21% increase in full-year revenue, helped by higher production volumes at both its operating units. The robust for full year earnings sent the AgFeed Industries Inc. (FEED) higher by 13.75% by mid-day trading on Tuesday.
AgFeed Industries Inc. (FEED) expects to increase its sow base to about 40,000 this year and to 60,000 by 2011. Following a gap-up opening, AgFeed has breached above its 200 day MA convincingly, to indicate initial signals of strength on charts.
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