Morning chart- CF breaking out of squeeze!

Gary Kwapik

Morning chart- CF breaking out of squeeze!

By Gary Kwapik — Author

Hello Everyone,

CF is setting up and getting ready to break out of volatility band squeeze.

Technically the bands have not broke thru the Keltner channel but stock is moving up.

Low ADX with +DI crossover and %R above the -20 level help to confirm this move.

Low IV suggests a call debit spread for bullish traders as single options are quite expensive for this stock .

Point and figure chart shows a bullish double top breakout with a price target of 352.

Subscribes check the website for any trades setups here.

Earnings are May 7th.

Tickers: CF

Posted to Stock & Option Scout on Feb 24, 2015 — 8:02 AM

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