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After Yesterday's Rally of 3.90% Shares Could Potentially Pullback

By Amy Schwartz

Cf Industries Ho (NYSE:CF) traded in a range yesterday that spanned from a low of $42.36 to a high of $44.94. Yesterday, the shares gained 3.9%, which took the trading range above the 3-day high of $43.39 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Cf Industries Ho has traded in a range of $38.90 to $56.51 and is now at $44.90, 15% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Cf Industries Ho and will alert subscribers who have CF in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders cf industries ho

Ticker(s): CF