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Possible Bearish Inside Day Candle Pattern Detected for Mosaic Co/The (NYSE:MOS)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Mosaic Co/The (NYSE:MOS) based on the price action in the company's shares. Yesterday's price range of $20.05 and $20.40 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Mosaic Co/The may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

The Mosaic Company produces and distributes crop nutrients to the agricultural communities located in North America and other countries. The Company's principal products include concentrated phosphates and potash.

Mosaic Co/The has overhead space with shares priced $20.06, or 30.8% below the average consensus analyst price target of $29.00. Mosaic Co/The shares should first meet resistance at the 50-day moving average (MA) of $20.19 and find additional resistance at the 200-day MA of $25.23.

Mosaic Co/The share prices have moved between a 52-week high of $37.37 and a 52-week low of $17.36 and closed yesterday at 16% above that low price at $20.06 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.4%.

SmarTrend is tracking the current trend status for Mosaic Co/The and will alert subscribers who have MOS in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish am inside day candle mosaic co/the

Ticker(s): MOS