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Look for Shares of CF Industries to Potentially Pullback after Yesterday's 2.98% Rise

By Nick Russo

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. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 1.5%.

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

Ticker(s): CF