The Mosaic Company produces and markets concentrated phosphate and
potash crop nutrients for the agriculture industry worldwide. It
operates in two segments, Phosphates and Potash. The company also offers
phosphate-based animal feed ingredients; and produces and sells potash
for use as fertilizers and animal feed ingredients, as well as for use
in various industrial applications. Its potash products are also used
for de-icing and as a water softener regenerant. The Company sells its
products to wholesale distributors, retail chains, cooperatives,
independent retailers, and national accounts through a network of sales
offices, crop nutrient blending and bagging facilities, port terminals,
and warehouse distribution facilities.
To review Mosaic’s stock, please take a look at the 1-year chart of MOS (The Mosiac Company) below with my added notations:
MOS has been trading sideways for the last 3 months. Over that period
of time the stock has formed a clear resistance level at $50 (red). In
addition, the stock has also created a strong level of support at $44
(green). At some point the stock will have to break one of the two
levels the rectangle pattern has created.
The Tale of the Tape: MOS has clear levels of support ($44) and
resistance ($50). The possible long positions on the stock would be
either on a pullback to $44, or on a breakout above $50. The ideal short
opportunities would be on either a break below $44 or on a rally back
up to $50.
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kingworldnews.com / Sunday, February 23, 2014
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