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Upgrade Alert for Potash (POT)

By Amy Schwartz

Potash (NYSE:POT) was upgraded from Hold to Buy at Stifel today. The stock closed yesterday at $15.99 on volume of 11.0 million shares, above average daily volume of 9.2 million.

Over the past year, Potash has traded in a range of $14.64 to $33.52 and closed yesterday at $15.99, 9% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 0.3%.

Potash Corporation of Saskatchewan Inc. produces potash, phosphate, and nitrogen to the agricultural and industrial industries worldwide. The Company conducts operations in Canada, Chile, the United States, Brazil, and Trinidad.

There is potential upside of 49.7% for shares of Potash based on a current price of $15.99 and an average consensus analyst price target of $23.93. The stock should find initial resistance at its 50-day moving average (MA) of $17.47 and further resistance at its 200-day MA of $19.95.

SmarTrend is monitoring the recent change of momentum in Potash. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Potash in search of a potential trend change.

Keywords: analyst upgrades/downgrades Potash

Ticker(s): POT