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Do Traders Think Intrepid Potash Inc (IPI) Can Keep Climbing Thursday?

Thursday, October 21, 2021 01:23 PM | InvestorsObserver Analysts
Do Traders Think Intrepid Potash Inc (IPI) Can Keep Climbing Thursday?

Intrepid Potash Inc (IPI) stock has risen 6.83% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Intrepid Potash Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on IPI!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With IPI Stock Today?

Intrepid Potash Inc (IPI) stock is trading at $45.19 as of 1:17 PM on Thursday, Oct 21, a loss of -$1.15, or -2.48% from the previous closing price of $46.34. The stock has traded between $44.90 and $48.45 so far today. Volume today is 125,524 compared to average volume of 118,727.

More About Intrepid Potash Inc

Intrepid Potash Inc produces and sells potash and potash byproducts in three main product segments: Potash, Trio, and Oilfield solutions. The Potash segment produces and sells potash to the agricultural industry as a fertilizer input, the industrial market as a component of oil and gas drilling fluid, and the animal feed market as a nutrient supplement. The Trio segment produces and sells specialty fertilizer that consists of potassium, sulfate, and magnesium, and is mined from langbeinite ore. The oilfield solutions segment offers water, high-speed potassium chloride mixing services, salt water disposal services, and trucking services. The vast majority of revenue is generated in the United States, which is also the location of the firm's production facilities. Click Here to get the full Stock Report for Intrepid Potash Inc stock.

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