• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • TheStreet Smarts
  1. Home
  2. / Investing
  3. / Consumer Staples

Shares of Mosaic Co. Set to Rally Further

The producer and marketer of concentrated phosphate and potash crop nutrients has been a recent strong performer.
By BRUCE KAMICH
Mar 05, 2018 | 02:39 PM EST
Stocks quotes in this article: MOS

Mosaic Co. (MOS) has been a strong performer recently. Prices turned up in early September and rallied like many stocks until late January. MOS declined in early February to around $24 and retested that level a couple of days later. Prices quickly rebounded to make new highs for the move up -- impressive. Let's look further.

In this daily bar chart of MOS, below, we can see that prices are above the rising 50-day simple moving average line as well as the now rising 200-day line. At the very end of 2017 you can see that the 50-day line crossed above the 200-day line for what is commonly called a golden cross. This moving average crossover is typically late but can work well when prices start a sustained trend.

The daily On-Balance-Volume (OBV) line bottomed in August-September and has trended higher since telling us the buyers of MOS have been aggressive. The trend-following Moving Average Convergence Divergence (MACD) oscillator is above the zero line and in a bullish configuration.

In this weekly bar chart of MOS, below, we can see a bullish alignment of our favorite indicators. Prices are above the rising 40-week moving average line. The weekly OBV line has been positive for more than five months and the weekly MACD oscillator is bullish.

In this Point and Figure chart of MOS, below, we can see an upside price target of $39.08. A trade at $29.22 will be a fresh breakout.

Bottom line: Traders could go long MOS either on a dip towards $26 if available or on a close above $29. The $39-$40 area is our price target and I would risk to $24.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are restricted from trading individual securities.

TAGS: Investing | U.S. Equity | Consumer Staples | Stocks

More from Consumer Staples

General Mills Shares Have Eaten Their Wheaties

Bruce Kamich
Jul 13, 2022 9:03 AM EDT

Let's see if the strength can continue.

I'm Not Convinced PepsiCo Is Ready to Pop

Bruce Kamich
Jul 12, 2022 8:03 AM EDT

The beverage giant just posted a second-quarter earnings beat, but whether its stock can push through technical resistance remains to be seen.

3 'Hiding Places' for Investors to Shelter in This Bear Market

Stephen Guilfoyle
Jul 5, 2022 10:00 AM EDT

These stocks have done me right of late, and are in better technical shape than the market.

I'm Intrigued as Kellogg Splits Into 3: Here's the Play

Stephen Guilfoyle
Jun 21, 2022 10:15 AM EDT

The company, despite a nice looking first quarter, has not been in the greatest shape fundamentally.

Any Bounce in This Nasty Bear Market Should Be Viewed With Caution

Bob Byrne
May 11, 2022 8:30 AM EDT

For now, any rebound is a short-term trading opportunity and nothing more.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 08:44 AM EDT PETER TCHIR

    CPI Beats Expectations, But Maybe Not the 'Whisper'?

    Slightly better-than-expected inflation across the...
  • 01:44 PM EDT STEPHEN GUILFOYLE

    This Holding Lights Up With Strong Earnings

    Check out the latest from TheStreet's Stocks Under...
  • 09:24 AM EDT PETER TCHIR

    Jobs Report Reaction: Incredibly Strong, But Questions to Ask

    An incredibly strong July jobs report. Not only d...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login