Agricultural chemical company, Nufarm, announced a restructure of its Australian operations on Tuesday. The market liked it, gapping higher on the open yesterday and moving straight to technical resistance around $4.20. It looks like a stock to watch

How the market handles this resistance over coming days may prove illuminating. A clear move through it may signal more to come and a change of attitude to this stock with investors prepared to re rate. If the rally fails around here, we may see Nufarm may settle down to some range trading following the initial bounce

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