Thursday, October 13, 2011

Stock pick for 10/13/2011

CF Industries Holdings, Inc., through its subsidiary, CF Industries, Inc., manufactures and distributes nitrogen and phosphate fertilizer products, serving agricultural and industrial customers worldwide. It operates in two segments, Nitrogen and Phosphate.
After strong weekly pull back, CF bounced as whole market and reached strong resistance area and we can see that on daily chart (20/200sma), weekly chart (50sma) and monthly y chart (10sma). I will use CF 60 min triangle for trading plan and after setup it will be important to follow pace. Pace will tell us if we can expect from CF swing or not.
Wish you all best trading day
Ivica Juracic
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