CF Industries' Shares Up 9% in a Month: Should You Buy the Stock?
CFCF(CF) ZACKS·2024-09-05 19:16

CF Industries Holdings, Inc.’s (CF) shares have gained 9% in the past month, outperforming the Zacks Fertilizers industry’s rise of 3%. CF is benefiting from higher nitrogen fertilizer demand in major markets and lower natural gas costs amid headwinds from weaker nitrogen prices.Technical indicators show that CF crossed above the 200-day simple moving average (SMA) in early Aug. 2024. The stock also eclipsed the 50-day SMA around the same time, signaling a bullish trend.CF Stock Trades Above 50-Day SMA Imag ...