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Incitec Pivot Ltd (IPL) $3.80

Industrial chemicals and fertiliser manufacturer IPL has rallied steadily over the last 2-years however even though we like the market segment as food prices surge higher MM is not keen on chasing the stock near $4. We are neutral around the current $3.80 area but if we see another 75-80c dip in the share price the risk / reward will become far more attractive – remember MM expects 2022 to deliver plenty more volatility hence never say never.

MM currently likes IPL around $3
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Incitec Pivot Ltd (IPL)
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