CF Industries Holdings, Inc. (CF) Is Now On The Radar Because Of Its Technical Chart – NY Stock News

CF Industries Holdings, Inc. (CF) is now trading with a very clear set of technicals. Taken together they paint a very compelling picture of how investors and traders should be approaching CF. The technical chart is a rich source of information and traders can get a whole of power from using it correctly.

CFs most recent trading session saw the stock achieve a high of $29.48 and a low of $28.49. The high in the most recent session compares poorly to the established 52-week high of $36.86 which was set by CF on 01/25/17. The recent low represents a +37.79% since 08/04/16 which is a good sign for traders looking to capitalize on the stocks upside. The current trading pattern for the stock is very telling when one looks at the overall sentiment of analysts. Presently there is a target price of $33.35 set for CF, a figure which is below the most recent high set by the stock. The stock also has a beta of 1.25. Since the beta is greater than 1, it can be interpreted that the stock is theoretically more volatile than the market something traders will surely be keeping an eye on.

There are other technical factors that have started to present an impactful picture based on the state of play for the stock. Both the Relative strength indicator (RSI) and Stochastic measures have come into play for CF. Based on current readings for CF, the 14-day RSI is 41.25%. This suggests that CF is neutral, suggesting that the stock is relatively stable in terms of upward or upward price movement. The stochastic reading is also very revealing based on current readings. In this case, CF has a stochastic reading of 41.78%. This suggests CF is neither overbought nor oversold at prevailing levels. CF also paints a compelling picture via its 50 and 200 SMAs. CF, based on the current trend can be considered bullish. This sentiment has created an attitude towards the stock which can be reasonably said to be positive.

Traders can bolster their view of a stocks upside by taking a keen look at other technicals in support of the ones explored above. CFs -0.23 has created a negative sentiment when measured over the past 30 days. CF has underperformed the S&P 500 by -17.25. This, has concluded initially, has created higher volatility levels when compared to other stocks in the same sector. Historical volatility for CF is showing a reading of 36.14%. CF also presents with an Average True Range reading of 3.33. CF and its technical indicators now show a full picture and a very good sense of where traders need to invest their time and energy. These readings should not be ignored.

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CF Industries Holdings, Inc. (CF) Is Now On The Radar Because Of Its Technical Chart - NY Stock News