After Yesterday's Rally of 2.98% Shares Could Potentially Pullback
CF Industries (NYSE:CF) traded in a range yesterday that spanned from a low of $23.27 to a high of $24.17. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $23.63 on volume of 2.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
CF Industries share prices have moved between a 52-week high of $70.32 and a 52-week low of $20.77 and are now trading 16% above that low price at $24.08 per share. Over the past week, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has declined 0.2%.
SmarTrend is tracking the current trend status for CF Industries and will alert subscribers who have CF in their portfolio or watchlist when shares have changed trend direction.
Keywords: rebounders CF Industries