I just went long AGM Federal Agricultural Mortgage Corp. at 15.46. I like the longer term chart setup, the recent breakout on confirmed high volume above the previous swing high and the recent tape action.
Generally speaking I think there is a lot of promise in the agriculture sector going forward and feel that AGM is a good indirect way to play this sector for now.
Ultimately I am looking for a break through of the 16.50 range which represents a long swing trading range area and would be quite significant to see a break through above this area and possibly imply an eventual move back up to the old swing high of 23.89.