Intrepid Potash Inc (IPI) Shares are Up 6.6%

Intrepid Potash Inc (IPI) has been under a strong bear grip, hence the stock is down -18.85% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 6.43% in the past 1 week. The stock has risen by 6.6% in the past week indicating that the buyers are active at lower levels, but the stock is down -19.29% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 8.46% and the 50-Day Moving Average is 12.61%.The 200 Day SMA reached 27.15%


Intrepid Potash Inc (NYSE:IPI): After opening at $1.12, the stock dipped to an intraday low of $1.08 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $1.14 and the buying power remained strong till the end. The stock closed at $1.13 for the day, a gain of 2.73% for the day session. The total traded volume was 692,484. The stocks close on the previous trading day was $1.13.

Intrepid Potash Inc (IPI) : Average target price received by Intrepid Potash Inc (IPI) is $2.67 with an expected standard deviation of $1.53. The most aggressive target on the stock is $4, whereas the most downbeat target is $1. 3 financial analysts are currently covering the stock.

Intrepid Potash, Inc. is a producer of muriate of potash (potassium chloride or potash) and langbeinite (sulfate of potash magnesia) in the United States. The Company sells potash and Trio into the agricultural market as a fertilizer. The Company also sells produce salt, magnesium chloride and metal recovery salts from its potash mining processes. The Company owns three solution mining facilities and two conventional underground facilities that are utilized for producing potash. Its solution mining production comes from the HB solar solution mine near Carlsbad, New Mexico, a solar solution mine near Moab, Utah and a solar evaporation shallow brine mine in Wendover, Utah. The Companys conventional production comes from its underground West and East mines near Carlsbad, New Mexico, which services the West and HB mines.

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