Mosaic Co/The (NYSE:MOS) traded in a range yesterday that spanned from a low of $29.68 to a high of $30.24. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $29.99 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
SmarTrend recommended that subscribers consider buying shares of Mosaic Co/The on April 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.01. Since that recommendation, shares of Mosaic Co/The have risen 16.4%. We continue to monitor MOS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Over the past year, Mosaic Co/The has traded in a range of $19.23 to $32.32 and is now at $29.73, 55% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.
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