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CF Industries (CF) Breaks Through Resistance at $29.61

By James Quinn

Shares of CF Industries (NYSE:CF) have bullishly opened above the pivot of $29.26 today and have reached the first resistance level of $29.61. Investors may be interested in a cross of the next upside pivot targets of $29.92 and $30.58.

There is potential upside of 13.2% for shares of CF Industries based on a current price of $29.84 and an average consensus analyst price target of $33.78. CF Industries shares should first meet resistance at the 50-day moving average (MA) of $33.12 and find additional resistance at the 200-day MA of $43.22.

In the past 52 weeks, CF Industries share prices have been bracketed by a low of $20.77 and a high of $70.32 and are now at $29.84, 44% above that low price. 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 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 9.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts CF Industries

Ticker(s): CF