CVR Partners stock is likely to continue its upward movement.
The company has an attractive valuation with a P/E ratio of 17.7x for 2015. Analysts covering the stock target on average USD 14.8, which proves that the stock has still an upward potential.
Graphically, prices evolve in a bullish trend in the short term. The stock has rebounded significantly upon contact with the USD 11.3 pivot point, accomplishing an upward gap. The positive movement is likely to continue in order to reach the USD 15 resistance.
Therefore, it seems opportune to open a long position on the security. The target price will be set at USD 15 and a stop loss will be placed under the recent gap.
CVR Partners, LP owns and operates the nitrogen fertilizer business. It produces nitrogen fertilizer products at two manufacturing facilities, one located in Coffeyville, Kansas operated by its subsidiary, Coffeyville Resources Nitrogen Fertilizers, LLC (the Coffeyville Facility) and one located in East Dubuque, Illinois operated by its wholly owned subsidiary, East Dubuque Nitrogen Fertilizers, LLC (EDNF). Both facilities manufacture ammonia and are able to further upgrade such ammonia to other nitrogen fertilizer products, principally urea ammonium nitrate (UAN). Nitrogen fertilizer is used by farmers to improve the yield and quality of their crops, primarily corn and wheat. Its products are sold on a wholesale basis in the United States of America. The Coffeyville Facility manufacturing facility includes a 1,300 ton-per-day ammonia unit, a 3,100 ton-per-day UAN unit and a dual-train gasifier complex having a capacity of 89 million standard cubic feet per day of hydrogen.
CVR PARTNERS, LP 
