Few stocks hit 52-week highs amid a big market sell-off to end the week. Two stocks at new highs are industry leaders, allowing their stocks to rise with them.
X
CF Industries (CF) broke out of a cup base, hitting the 113.58 buy point, and is in the 5% buy zone to 119.26. The IBD 50 Top 10 and Big Cap 20 stock is at a 52-week high.
The fertilizer and green hydrogen energy maker’s stock has a Relative Strength Rating of 98, meaning in the last 12 months it outperformed 98% of the stocks IBD tracks.
The company is No. 1 in IBD’s Chemicals-Agricultural group. CF Industries passes all the IBD criteria, and holds two perfect 99 scores for Composite Rating and EPS Rating.
CF Industries has shown explosive earnings-per-share growth for the last three quarters, with equally impressive sales growth.
Take Our Anonymous Survey And Tell IBD What Characteristics Are Most Important For Online Brokers
Mental Health Provider Hits Buy Point
Acadia Healthcare (ACHC) hit an 82.76 buy point of a three-weeks-tight-pattern on the weekly chart of MarketSmith. The stock, however, made a bearish price reversal Friday as the stock market plunged.
Acadia provides psychiatric treatment at 239 locations in the U.S. and Puerto Rico. The company is No. 1 in the Medical-Outpatient/Home Care group.
Analysts are expecting 22% annual earnings per-share growth for 2022 and a more modest 9% in 2023.
The company holds a 96 Relative Strength Rating and a 91 Composite Rating. The stock is 73% owned by funds and more have gotten into it. More than 600 funds owned the stock in June, up from 558 in March.
YOU MAY ALSO LIKE:
What Is CAN SLIM? If You Want To Find Winning Stocks, Better Know It
IBD Live: Learn And Analyze Growth Stocks With The Pros
Looking For The Next Big Stock Market Winners? Start With These 3 Steps
Source: https://www.investors.com/stock-lists/new-highs/stocks-at-new-highs-hydrogen-energy-and-health-stocks-hit-buy-points/?src=A00220&yptr=yahoo