Technical Support in Place for Mosaic Stock

Mosaic stock could add to its 24.9% year-to-date gains

Deputy Editor
Nov 4, 2022 at 2:40 PM
facebook twitter linkedin

Mosaic Co (NYSE:MOS) stock is inching higher today, after yesterday's 5.8% drop was caught by consistent support at the $46 level. Despite a 6% deficit in the last three months, the stock could be preparing for a near-term bounce, as MOS has just pulled back to a trendline with historically bullish implications. 
MOS is currently within one standard deviation of its 320-day moving average. According to Schaeffer's Senior Quantitative Analyst Rocky White, the equity has seen three similar signals in the last three years, and was higher one month later each time, averaging an 18.4% gain. A move of similar magnitude from the stock's current perch at $49.30 would put the shares back above the $58 level for the first time since August.   
MOS Nov4
Some tailwinds could arise from the brokerage bunch as well, as seven of the 15 analysts in coverage still carry a "hold" or worse rating on MOS despite its outperformance this year. 
Options traders could be in luck, too. The security's Schaeffer's Volatility Scorecard (SVS) sits at a high 95 out of 100, meaning MOS has exceeded option traders' volatility expectations during the past year.

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners