CF Industries Stock Soars 26% in 3 Months: Time to Buy Now?
CF(CF) ZACKS·2024-10-04 04:01
CF Industries Holdings, Inc.’s (CF) shares have gained 26% in the past three months, outperforming the Zacks Fertilizers industry’s rise of 4.7%. CF benefits from higher nitrogen fertilizer demand in major markets and lower natural gas costs.Technical indicators show that CF has been unremittingly trading above the 50-day simple moving average (SMA) since early August 2024. CF also reached a key technical milestone, with the 50-day SMA crossing above the 200-day SMA on Sept. 24, 2024, signaling an uptrend.C ...