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Mosaic Co/The Falls 2.66% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Mosaic Co/The (NYSE:MOS) traded in a range yesterday that spanned from a low of $19.53 to a high of $20.23. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $19.67 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Mosaic Co/The have traded between a low of $19.59 and a high of $34.36 and are now at $19.62, which is 0% above that low price. Over the past week, 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 Co/The on August 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $22.46. Since that call, shares of Mosaic Co/The have fallen 10.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders mosaic co/the

Ticker(s): MOS