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Upgrade Alert for CF Industries (CF)

By Nick Russo

CF Industries (NYSE:CF) was upgraded from Neutral to Buy at UBS today. The stock closed yesterday at $24.83 on volume of 7.6 million shares, above average daily volume of 3.6 million.

CF Industries share prices have moved between a 52-week high of $70.32 and a 52-week low of $20.77 and closed yesterday at 20% above that low price at $24.83 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has declined 0.2%.

CF Industries has overhead space with shares priced $24.83, or 56.1% below the average consensus analyst price target of $56.60. 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.

CF Industries Holdings, Inc. manufactures and distributes nitrogen and phosphate fertilizer products in North America. The Company's principal products in the nitrogen segment are ammonia, urea and urea ammonium nitrate solution and its principal products in the phosphate segment are diammonium phosphate, monoammonium phosphate, and granular muriate of potash.

SmarTrend recommended that its subscribers protect gains by selling shares of CF Industries on July 25th, 2016 by issuing a Downtrend alert when the shares were trading at $24.98. Since that call, shares of CF Industries have fallen 5.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: analyst upgrades/downgrades CF Industries

Ticker(s): CF