Potash companies rallied Monday after the Belarusian state news agency reported OAO Uralkali Chief Executive Officer Vladislav Baumgertner was taken into custody on criminal charges. Potash prices plunged following the breakup of Russia’s potash cartel. Belarus has also stated it is seeking the arrest of four other Uralkali executives. "Evaluating the documents received by investigators, a decision will be reached to seize the property and assets of Uralkali," a Belarussian Investigative Committee spokesman told Russian news agency RIA.
Agrium Inc. (NYSE: AGU)(TSX: AGU) shares traded in the range of $88.73 to $89.99 Monday before settling to close at $89.47, an increase of 3.18 percent. The stock appears to be facing some resistance at the $89.55 and $90.69 levels with some support at $88.80. Shares of Agrium have fallen approximately 10.0 percent in 2013.
More information on Agrium and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AGU
Intrepid Potash, Inc. (NYSE: IPI) shares traded in the range of $12.53 to $13.73 Monday before settling to close at $12.61, an increase of 1.61 percent. The stock appears to be facing some resistance at the $13.59 and $14.51 levels with some support at $12.46. Shares of Intrepid Potash have fallen approximately 40.0 percent in 2013.
More information on Intrepid Potash and access to the free equity report can be found at:
www.WallStreetFundamentals.com/IPI
Mosaic Co. (NYSE:MOS) shares traded in the range of $42.32 to $43.44 Monday before settling to close at $42.38, an increase of 1.17 percent. The stock appears to be facing some resistance at the $44.20 and $48.52 levels with some support at $42.09. Shares of Mosaic have fallen approximately 25.0 percent in 2013.
More information on Mosaic and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MOS
Potash Corp./Saskatchewan (NYSE: POT)(TSX: POT) shares traded in the range of $30.35 to $31.00 Monday before settling to close at $30.55, an increase of 2.31 percent. The stock appears to be facing some resistance at the $31.28 and $32.02 levels with some support at $30.12. Shares of Potash Corp. have fallen approximately 25.0 percent in 2013.
More information on Potash Corp. and access to the free equity report can be found at:
www.WallStreetFundamentals.com/POT
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