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Incitec Pivot (IPL) $2.87

Chemicals business IPL rallied over 4% yesterday and now looks poised to breakout to fresh multi-year highs in the coming weeks – a 20% gain before Christmas would not surprise. The market has clearly embraced the fertiliser manufacturers strong 2nd half performance and as so often occurs companies that report well outperform over both the following days and months.

MM is bullish IPL initially targeting the $3.50 area
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Incitec Pivot (IPL)
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