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Nitrogen pure play stocks – TNH, UAN, RNF

January 12, 2012 Leave a comment

I have been watching these 3 pure play nitrogen fertilizer stocks…

Terra Nitrogen Co. LP (TNH), CVR Partners (UAN), Rentech Nitrogen Partners (RNF)…

All three had a very good run since the beginning of the year to until about Monday, 9 Jan 2012… gaining anywhere from 11-22% in 5 days… however, they have fallen sharply in the past couple days…

in my opinion, the up trend is likely to continue…

TNH – $166-170 entry point

 

UAN – I am inclined to wait for a little bit even though the recent drop has retraced the 50% fibonacci levels… I think good entry points in the $25 area..

RNF – this is a new issue and hasn’t traded long enough to deduce anything meaningful… although based on the recent run-up, I want to wait till it drops to the 50% fibonacci level around $18

 

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