Mosaic Co/The (NYSE:MOS) traded in a range yesterday that spanned from a low of $24.35 to a high of $24.86. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $24.38 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Over the past year, Mosaic Co/The has traded in a range of $20.81 to $37.37 and is now at $24.47, 18% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.4%.
SmarTrend recommended that subscribers consider buying shares of Mosaic Co/The on June 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.10. Since that recommendation, shares of Mosaic Co/The have risen 7.4%. We continue to monitor MOS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to SmarTrend at email@example.com
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup