Minyanville's T3 Daily Recap: CF Industries, Netflix Highlight Day's Movers as Market Lifts

By T3Live.com May 25, 2011 4:45 pm

US markets had a constructive day Wednesday after opening below Monday's lows.

US markets had a constructive day Wednesday after opening below Monday's lows, churning higher in quiet action for most of the day before some volume and volatility surfaced in the late hours. At 3pm ET heavy buying entered the market and it looked like we could see an aggressive push into Monday's gap, but those gains were quickly erased into the close. With the market finally getting the start of an oversold bounce, several stocks we listed over the past several days had nice moves.

CF Industries Holdings, Inc. (CF) continued to be the star of the show early, pushing to near 52-week highs above $153. The stock held the very upper end of the range for most of the day before late weakness, but still looks ready for much higher prices. Netflix, Inc. (NFLX) was the other big mover from our list. It has been the Play of the Day for multiple T3Live contributors over the past few days, and news of a possible partnership with Facebook was the catalyst for the move to historic highs. With a heavy short interest, this could be the start of a squeeze and bigger move.

Watch the T3Live.com Daily Recap below with Scott Redler.

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