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After Yesterday's Rally of 1.15% Shares Could Potentially Pullback

By David Diaz

Mosaic Co/The (NYSE:MOS) traded in a range yesterday that spanned from a low of $27.91 to a high of $28.66. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $28.24 on volume of 2.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Mosaic Co/The share prices have been bracketed by a low of $19.23 and a high of $29.20 and are now at $28.28, 47% above that low price. The 200-day and 50-day moving averages have moved 0.44% higher and 0.10% higher over the past week, respectively.

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 7.3%. We continue to monitor MOS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders mosaic co/the

Ticker(s): MOS