Top Ag Stock Finally Breaks 14-Month Consolidation

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

Top Ag Stock Finally Breaks 14-Month Consolidation

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
Click to Enlarge

chart key 300x84 Top Ag Stock Finally Breaks 14 Month Consolidation

Endnotes:
  1. MOS: http://studio-5.financialcontent.com/investplace/quote?Symbol=MOS

Source URL: http://investorplace.com/2013/01/trade-of-the-day-the-mosaic-company-nyse-mos/
Short URL: http://invstplc.com/1nEeJfJ