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IPL – Algo Buy Signal

Our Algo Engine generated a  buy signal recently in IPL and the stock is currently held in the ASX top 50 model.

The stock price has pulled back to form a “higher low” at $3.30 and we see forward earnings surprising to the upside, due to the finalization of the Gibson Island gas agreements and the recent recovery in global nitrogen prices. 

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IPL is also set to recommence a $300m share buyback.

Incitec Pivot

 

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