When a range exists, there are only two good prices to buy: 1) at the bottom of the range, getting a good price and 2) on the breakout of the range, getting more certainty that the stock is moving in the right direction due to positive momentum. Currently, Nutrien shares are at the bottom of the existing range cheap iphone case, supported by valuation and decent yield. I believe they present both a speculative buying opportunity and a reasonable entry level for a long term position at current prices.If you like my work, don’t forget to click on the big orange “Follow” button at the top of the screen and hit the “Like” button at the bottom of this article.Disclosure: I am/we are long NTR.I wrote this article myself, and it expresses my own opinions.

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