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CF Industries Up 4.1% Since BMO Capital Downgraded One Week Ago (CF)

Published on Tue, 01/15/2013 - 10:11
By Peter Chu

One week ago CF Industries (NYSE:CF) was downgraded from Outperform to Market Perform at BMO Capital. CF Industries stocks closed at $218.69, a 4.1% gain over the course of one week.

There is potential upside of 5.5% for shares of CF Industries based on a current price of $217.85 and an average consensus analyst price target of $229.91. The stock should discover initial support at its 50-day moving average (MA) of $206.40 and subsequent support at its 200-day MA of $197.92.

Over the past year, CF Industries has traded in a range of $154.17 to $227.99 and is now at $217.85, 41% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.2%.

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.

By Peter Chu
pchu@fnno.com