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Look for Shares of CF Industries to Potentially Pullback after Yesterday's 2.97% Rise

By Amy Schwartz

CF Industries (NYSE:CF) traded in a range yesterday that spanned from a low of $29.65 to a high of $30.29. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $29.58 on volume of 2.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of CF Industries have traded between a low of $20.77 and a high of $70.32 and are now at $30.03, which is 45% above that low price. The 200-day and 50-day moving averages have moved 1.51% lower and 0.15% lower over the past week, respectively.

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: rebounders CF Industries

Ticker(s): CF