This isn't a trade you have to go rushing into as you should get a chance to buy lower, but please keep this on a watchlist. After a large run up, $IPI has been consolidating in this range for a few months and may be ready to break out above. A move above $4.25 can get fast to the upside.
A post I did some time ago playing out I believe just how it should: www.omahacharts.com/...p-On-Intrepid-Potash
A post I did some time ago playing out I believe just how it should: www.omahacharts.com/...p-On-Intrepid-Potash
Portfolio Manager, Chief Market Technician JSPMLLC.COM