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Top Ag Stock Finally Breaks 14-Month Consolidation

Mosaic's breakout was accompanied by high volume, bullish MACD

   

The Mosaic Company (NYSE:MOS) — Mosaic produces and markets concentrated phosphate and potash crop nutrients for the agriculture industry worldwide.

The stock experienced a 14-month consolidation from $50 to $62 following a breakdown from its high at over $87 made in February 2011. But last week, the consolidation was broken when it rallied through its October 2011 high of $62.65.

Note the bullish occurrence of high volume on the breakout compared with lower volume on the pullback of the past three days, and the bullish MACD.

MOS is a standout among fertilizer companies and is on our long-term buy list. A shorter-term trading target of $70 is possible, but long-term investors could receive a much higher return.

MOS Chart
Click to Enlarge

Trade of the Day Chart Key


Article printed from InvestorPlace Media, http://investorplace.com/2013/01/trade-of-the-day-the-mosaic-company-nyse-mos/.

©2016 InvestorPlace Media, LLC

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