CF Industries Holdings stock saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 77 to 82.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research reveals that the best stocks typically have an RS Rating of over 80 as they begin their biggest price moves.
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Is CF Industries Holdings Stock A Buy?
Now is not an ideal time to jump in CF Industries Holdings stock since it isn't near a proper buy zone, but see if the agriculture fertilizer stock goes on to form a base and break out. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The fertilizer firm posted negative growth for both the top and bottom lines last quarter. CF Industries Holdings is expected to release its next quarterly numbers on or around Nov. 1.
CF Industries Holdings stock earns the No. 1 rank among its peers in the Chemicals-Agriculture industry group.
