Intrepid Potash's (IPI) Shares March Higher, Can It Continue?

As of late, it has definitely been a great time to be an investor in Intrepid Potash, Inc. IPI. The stock has moved higher by 15.4% in the past month, while it is also above its 20-day SMA too. This combination of strong price performance and favorable technical could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider IPI’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as IPI has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

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By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

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