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Intrepid Potash Breaking Out?
Published on Friday, 10 February 2012 08:00 Written by TradersHuddle Wire
New York, February 10th (TradersHuddle.com) - Shares of Intrepid Potash, Inc. (NYSE:IPI) closed the trading session at $25.39 just above calculated resistance at $25.22 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range
Intrepid Potash, Inc. (NYSE:IPI) mines and markets potash for use as a fertilizer. It also offers by-products, including salt, magnesium chloride, and metal recovery salts. Intrepid serves agricultural, industrial, and feed markets. The company is based in Denver, Colorado.
Intrepid Potash's stock was trading in a well defined range with support at $23.44 and resistance at $25.22, given that this range was broken traders will be closely monitoring the stock
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Related Partner Headlines
- Intrepid Potash Stock Hits New 52-Week Low (IPI) - TheStreet.com
- Intrepid Potash Stock Hits New 52-Week Low (IPI) - TheStreet.com
- UPDATE: Scotia Capital Markets Cuts PT to $28 on Intrepid Potash; Clean Q1 Miss - Benzinga
- UPDATE: Scotia Capital Markets Raises Target to $30 on Intrepid Potash - Benzinga
- UPDATE: Goldman Sachs Downgrades Intrepid Potash to Neutral - Benzinga
- Intrepid Potash Inc. Stock Downgraded (IPI) - TheStreet.com
- Intrepid Potash Inc. (IPI): Today's Featured Chemicals Winner - TheStreet.com
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