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Mosaic Co/The Set to Possibly Pullback After Yesterday's Rally of 4.05%

By Nick Russo

Mosaic Co/The (NYSE:MOS) traded in a range yesterday that spanned from a low of $22.22 to a high of $22.87. Yesterday, the shares gained 4.0%, which took the trading range above the 3-day high of $22.26 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.

SmarTrend is monitoring the recent change of momentum in Mosaic Co/The. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mosaic Co/The in search of a potential trend change.

Over the past year, Mosaic Co/The has traded in a range of $17.36 to $37.37 and is now at $22.80, 31% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 1.8%.

Keywords: rebounders mosaic co/the

Ticker(s): MOS