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CF Industries Bearish Moving Average Crossover Alert (CF)

By Nick Russo

CF Industries (NYSE:CF) shares have crossed bearishly below their 10-day moving average of $29.27 on a volume of 841K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, CF Industries has traded in a range of $20.77 to $70.32 and is now at $29.10, 40% above that low. The 200-day and 50-day moving averages have moved 1.51% lower and 0.15% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of CF Industries on February 23rd, 2017 by issuing a Downtrend alert when the shares were trading at $32.17. Since that call, shares of CF Industries have fallen 8.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses CF Industries

Ticker(s): CF