Intrepid Potash (IPI) NewsBite - IPI Downgraded By Soleil
Posted: Monday, May 11, 2009 1:27 PM EDT
By: Market Intelligence Center Staff
Intrepid Potash (IPI) was downgraded today by analysts at Soleil and the stock is now at $27.05, down $0.90 (-3.22%) on volume of 971,830 shares traded. The brokerage downgraded the stock to Sell from Hold. Over the last 52 weeks the stock has ranged from a low of $13.80 to a high of $76.24. stock has been showing support around $26.25 and resistance in the $28.85 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for IPI. If you are looking for a hedged play on IPI the stock seems like it could be a candidate for a June out-of-the-money bear-call credit spread above the 31 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Intrepid Potash (IPI) Stock ReportSee what our analysts have uncovered about Intrepid Potash (IPI).