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CF Industries: New 52-Week Low Set Today (CF)

By James Quinn

Shares of CF Industries (NYSE:CF) traded today at $22.75, breaking its 52-week low. So far today approximately 459,000 shares have been exchanged, as compared to an average 30-day volume of 3.6 million shares.

CF Industries Holdings, Inc. manufactures and distributes nitrogen and phosphate fertilizer products in North America. The Company's principal products in the nitrogen segment are ammonia, urea and urea ammonium nitrate solution and its principal products in the phosphate segment are diammonium phosphate, monoammonium phosphate, and granular muriate of potash.

In the past 52 weeks, CF Industries share prices have been bracketed by a current low of $22.75 and a high of $70.32 and are now at $22.94. The 200-day and 50-day moving averages have moved 1.51% lower and 0.15% lower over the past week, respectively.

Potential upside of 146.7% exists for CF Industries, based on a current level of $22.94 and analysts' average consensus price target of $56.60. The stock should find initial resistance at its 50-day moving average (MA) of $33.12 and further resistance at its 200-day MA of $43.22.

SmarTrend recommended that its subscribers protect gains by selling shares of CF Industries on June 15th, 2016 by issuing a Downtrend alert when the shares were trading at $27.79. Since that call, shares of CF Industries have fallen 15.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows CF Industries

Ticker(s): CF