Scott's Fertilizer (SMG) has been hyped as a marijuana-related play for all those investors interested in the Cannabis trade. But even for non-cannabis focused investors, Scott's has some real nice seasonality that might make an excellent topdress to help green up your portfolio. Here is a link to the seasonality chart below. Notice the strong performance in the second half of the year.
The actual stock chart looks equally compelling. A breakout above the $97 range would suggest $110-$112.
With the seasonality for the second half looking good, this might just provide a little fertilizer for your portfolio.
Don't forget to catch the Commodities Countdown Video Recording 2017-07-27 as well as The Canadian Technician Video Recording 2017-07-25. Both highlight some of the changes we are seeing for the second half. Tom Bowley and I did a StockCharts Market Outlook 2017-07-08 that you might also be interested in.
Greg Schnell is currently sitting in with Tom Bowley for the next three weeks on the Market Watchers Live webinar Mondays, Wednesdays, and Friday at Noon ET. You can catch it by following this link.
Have a great weekend.
Good trading,
Greg Schnell, CMT, MFTA
