Potash stocks had a list of sell orders longer than Suge Knight's rap sheet today, but stocks like Mosaic (MOS), Intrepid Potash (IPI), and Potash Corp of Saskatchewan (POT) are now in Mastery buying range.
As noted in our article from earlier this week, "Why Potash Stocks are getting hammered (POT, IPI, MOS)" , Mosaic is about to release earnings next Wednesday, 09/28/11. We expect them to be nothing short of stellar, and hopefully we'll get a relief rally in the market to boot.
Here are the buying ranges we recommend - all 3 of these stocks are trading below our 'Range to Buy' at this point, except Mosaic which is very close.
| Ticker | Current Price | Range to buy | Target Price |
| POT | $46.90 | $50 - $52 | $58 |
| MOS | $60.11 | $60 - $62 | $72 |
| IPI | $28.36 | $28-$30 | $34.25 |
Mastery Bottom Line:
The bulls defended the psychological level of 1120 today, which is a step in the right direction. However, if the S&P closes below 1100 you're going to need to bail on this Potash play, because it's crash time. Good luck.
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