In a welcome move, CF Industries Holdings saw its Relative Strength Rating improve from 69 to 77 on Wednesday.
IBD's unique rating identifies share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks typically have an RS Rating north of 80 as they launch their largest climbs. See if CF Industries Holdings can continue to show renewed price strength and clear that threshold.
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CF Industries Holdings is within a buying range after moving past a 90.86 entry in a cup without handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
In terms of top and bottom line numbers, the company has posted three quarters of accelerating earnings growth. Sales growth has also increased during the same period.
The company holds the No. 2 rank among its peers in the Chemicals-Agriculture industry group. CVR Partners is the top-ranked stock within the group.
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