CF Industries Holdings had its Relative Strength (RS) Rating upgraded from 78 to 82 Tuesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 in the early stages of their moves.
CF Industries Holdings broke out earlier, but has fallen back below the prior 98.25 entry from a cup without handle. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout. Also understand that the most recent pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Top and bottom line growth moved higher last quarter. Earnings were up 118%, compared to 14% in the prior report. Revenue increased from -3% to 13%. The company is expected to report its latest performance numbers on or around Aug. 6.
The company holds the No. 2 rank among its peers in the Chemicals-Agriculture industry group. CVR Partners is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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