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Shares of Mosaic Co/The Has Fallen Below Previous 52-Week Low

By Shiri Gupta

Mosaic Co/The (NYSE:MOS) traded at a new 52-week low today of $19.00. Approximately 358,000 shares have changed hands today, as compared to an average 30-day volume of 5.2 million shares.

Over the past year, Mosaic Co/Thehas traded in a range of $19.00 to $37.37 and are now at $19.28. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.7%.

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 $19.28, or 33.5% 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 $23.20 and find additional resistance at the 200-day MA of $27.76.

SmarTrend recommended that its subscribers protect gains by selling shares of Mosaic Co/The on July 11th, 2019 by issuing a Downtrend alert when the shares were trading at $22.74. Since that call, shares of Mosaic Co/The have fallen 16.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows mosaic co/the

Ticker(s): MOS