Shooting Star Patterns December 21 2015

WHAT IS A SHOOTING STAR PATTERN?

The shooting star pattern is a 1-bar candlestick pattern found at the end of an uptrend. In this pattern, the stock gaps up at the open and then rises up to a point well above where it started the day at. In general this pattern indicates that there is supply of the stock at this level and that the preceding rally is not sustainable.

Cf Industries Holdings (CF) $41.32-0.29 (-0.70%)

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Stock Price Quote as of Mon, Dec 21st, 2015
High	43.79	Low	41.11
70.32 52Wk High (-41.24%)Since 07/17/15		39.64 52Wk Low (+4.24%)Since 12/14/15
Open	41.76	Prev Close	41.61
Volume	2,648,707	Avg Volume	2,601,865
EPS	3.91	Div & Yield	$1.20 (2.91%)
P/E Ratio	10.57	Market Cap	$9.63 B
Weighted Alpha	-33.50	Standard Dev	-0.35