CF Industries Holdings, Inc. : A reversal is anticipated
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$284.52 | $0 | $273.8 | -100% |
The stock is currently below its historical average P/E ratio, around 12x. Moreover, less than 10% of analysts are on the “sell” side. As EPS were slightly upward revised, dividends are expected to keep their large growth as redistribution rate increase.
Technically, the share is in a bullish trend on all times scales. After many tests of the USD 312.7 resistance the stock has continuously fallen near the significant USD 278.7 support and started a rebound on this threshold. In this configuration, an acceleration toward the USD 312.7 resistance seems legitimate.
Consequently, investors can take a long position at current prices and target this technical line as a first goal. A stop loss should be set at USD 273.8.