Intrepid Potash (IPI) NewsBite - IPI Gets Boost From Grain Futures
Posted: Wednesday, June 24, 2009 10:57 AM EDT
Intrepid Potash (NYSE: IPI) opened at $26.98. So far today, the stock has hit a low of $26.75 and a high of $27.82. IPI is now trading at $27.48, up $1.19 (4.53%). Over the last 52 weeks the stock has ranged from a low of $13.80 to a high of $76.24. Shares of IPI are trading higher this morning, helped by rising grain futures. 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 July out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]
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