|Day Low/High||58.97 / 61.21|
|52 Wk Low/High||25.30 / 63.40|
Spiking natural gas prices are an inevitable and inexorable result of government policies that demonize fossil fuels.
Get some hydrocarbon exposure, and watch out for companies that cannot pass their price increases onto the end consumer.
These are solid companies that produce extremely strong cash flows and pay them out at attractive points in the cycle, and we are certainly in one now.
CF has managed to violate its prior downtrend as well as resistance.
Firms that adapted to hard times are now doing exponentially better.
Ag stock looks like it has a lot of upside potential.
Pay less attention to the daily noise and more to individual stocks.
The liquidity-driven bull market is not showing any signs of stopping. I am seeing a randomness, perhaps driven by that liquidity, that continues apace. Case in point: strength in fertilizers -- CF Industries , Potash , etc. -- with no clear cat...
I would look to begin trading it on the long side above $160.
Buyers have been more aggressive in picking up shares of the fertilizer producer.
Identifying this week's bullish and bearish reversal patterns.
"You see, in this world there's two kinds of people, my friend: Those with loaded guns and those who dig. You dig." -- Blondie, "The Good, the Bad and the Ugly" As I will be shortly involved in a potentially lenghty meeting, there will be no "Takeaw...
It's time to close CF Industries, but move on Nabors is a little more involved.
As natural gas finds a floor, CF is finding a ceiling and struggling to regain its footing.
The chart pattern and indicators suggest there is a lot more upside for this producer of nitrogen fertilizer.
It looks like CF is early in its turnaround so the risk should be lower on new longs.
A pullback to the $70.50 area, but no close below that, would be the entry to target.
Materials, financials, cyclicals and health care names tilt the scale to the bullish side.
U.S. stocks ended Tuesday's session to the downside as oil prices declined and Wall Street factored in a near-term rate increase.
Fertilizer stocks are rallying this morning after Barron's had an upbeat article over the weekend about industry player CF Industries . However, I would continue to avoid Potash Corp. and the rest of the sector for several reasons, including: Global...
Earlier momentum deflated by the end of the day, though Wall Street did manage to close with slight gains.