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After Yesterday's Rally of 3.09% Shares Could Potentially Pullback

By David Diaz

Cf Industries Ho (NYSE:CF) traded in a range yesterday that spanned from a low of $47.78 to a high of $49.34. Yesterday, the shares gained 3.1%, which took the trading range above the 3-day high of $48.20 on volume of 1.3 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 Ho share prices have moved between a 52-week high of $50.54 and a 52-week low of $28.47 and are now trading 72% above that low price at $49.11 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.6%.

SmarTrend recommended that subscribers consider buying shares of Cf Industries Ho on July 26th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.79. Since that recommendation, shares of Cf Industries Ho have risen 6.1%. We continue to monitor CF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders cf industries ho

Ticker(s): CF