Top Ag Stock Finally Breaks 14-Month Consolidation

by Sam Collins | January 30, 2013 1:31 am

The Mosaic Company (NYSE:MOS[1]) — 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.

01 30 13 mos 300x207 Top Ag Stock Finally Breaks 14 Month Consolidation
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chart key 300x84 Top Ag Stock Finally Breaks 14 Month Consolidation

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