Insights

Nutrien Ltd. (NTR, TSE)

Close: 75.45

Stop: 71.25

  • In early May, Nutrien reported earnings that beat all expectations.  (May chart below)
  • On Tuesday of this week the Saskatoon based Nutrien raised guidance announcing a further half-million ton increase in 2021 Potash production.
  • The press release said the company expects their Earnings Per Share to come in above the top end of the ranges previously provided, in response to continued tightening in global potash market conditions.
  • A choppy stock, NTR has tested our patience but on today’s news the stock jumped 2.37% and moved back above it’s 21 Day Moving Average.
  • NTR is a leading stock, is in an uptrend and above all of our moving averages.

 

 

 

 

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