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Watch for Mosaic Co/The to Potentially Rebound After Falling 2.66% Yesterday

By James Quinn

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.

Over the past year, Mosaic Co/The has traded in a range of $19.59 to $34.36 and is now at $19.62, 0% above that low. 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 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