Jay Woods: VanEck Agribusiness ETF, Deere And CF Industries Breakouts Offer Upside Targets

According to CNBC, Jay Woods of Chase Games said the VanEck Agribusiness ETF (MOO) has broken out above resistance around $86 to $87 and could move toward a measured target near $96. He said Deere (DE) has cleared the $660 to $670 area and has a longer-term target around $830, while CF Industries (CF) has moved through the $130 to $133 neckline of an inverse head-and-shoulders pattern and has a measured target near $160. Woods said both stocks look ready to continue higher and suggested using stops just below their recent breakout levels.