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Watch for Mosaic Co/The to Potentially Pullback After Gaining 4.05% Yesterday

By Shiri Gupta

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.

In the past 52 weeks, Mosaic Co/The share prices have been bracketed by a low of $17.36 and a high of $37.37 and are now at $22.80, 31% above that low price. 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