Look for Shares of Mosaic to Potentially Pullback after Yesterday's 1.28% Rise
Mosaic (NYSE:MOS) traded in a range yesterday that spanned from a low of $23.22 to a high of $23.76. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $23.73 on volume of 2.7 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, shares of Mosaic have traded between a low of $22.02 and a high of $47.68 and are now at $23.60, which is 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 1.1%.
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 11.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: rebounders Mosaic