Spark Plug Pipe

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. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.7%.

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 cs@mysmartrend.com

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