CF Industries Holdings had its Relative Strength (RS) Rating upgraded from 80 to 87 Tuesday.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
Decades of market research reveals that the best stocks often have an 80 or higher RS Rating as they launch their biggest runs.
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CF Industries Holdings is within a buying range after clearing a 94.46 entry in a flat base. Once a stock moves 5% or higher beyond the original entry, it's considered extended and out of buy range.
In terms of top and bottom line numbers, CF Industries Holdings has posted three quarters of increasing earnings growth. Revenue gains have also moved higher during the same period. The company is expected to report its next quarterly numbers on or around Feb. 12.
CF Industries Holdings earns the No. 1 rank among its peers in the Chemicals-Agriculture industry group. CVR Partners and Nutrien are also among the group's highest-rated stocks.
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