Intrepid Potash (IPI) NewsBite - One Of Today's Top Losers
Posted: Friday, July 10, 2009 2:35 PM EDT
By: Market Intelligence Center Staff
Intrepid Potash (IPI) leads the list of top losers so far today and is now at $23.36, down $2.17 (-8.50%) on volume of 3,826,575 shares traded. Over the last 52 weeks the stock has ranged from a low of $13.80 to a high of $62.23. Intrepid Potash stock has been showing support around $24.20 and resistance in the $26.94 range. Technical indicators for the stock are bearish 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 an August out-of-the-money bear-call credit spread above the 27 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Intrepid Potash (IPI) Stock ReportSee what our analysts have uncovered about Intrepid Potash (IPI).