After Yesterday's Rally of 1.21% Shares Could Potentially Pullback
Mosaic (NYSE:MOS) traded in a range yesterday that spanned from a low of $24.26 to a high of $24.83. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $24.79 on volume of 2.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Over the past year, Mosaic has traded in a range of $22.02 to $47.68 and is now at $24.80, 13% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 0.7%.
SmarTrend recommended that its subscribers protect gains by selling shares of Mosaic on September 13th, 2016 by issuing a Downtrend alert when the shares were trading at $26.51. Since that call, shares of Mosaic have fallen 7.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: rebounders Mosaic