Fertilizer company Mosaic Co. ( MOS) has climbed higher on the charts the past three years and tight supplies of fertilizer and surging demand for foodstuffs seem to be a perfect storm for higher share prices still. Let's check out Mosaic's charts and indicators to see what may be ahead. 
In this daily bar chart of MOS, below, we can see that prices nearly made a 50% correction from April to July before resuming their longer-term advance. Prices declined below both the 50-day and 200-day moving averages but have since steadied back above them, so the technical picture is stronger. The On-Balance-Volume (OBV) line followed the price action lower from April to early July, telling us that sellers of MOS were more aggressive. The OBV line has been moving higher from early July, showing us that buyers of MOS are now more aggressive and further price gains are likely. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.
In this weekly Japanese candlestick chart of MOS, below, we can see the longer-term advance we mentioned above. Prices are trading above the rising 40-week moving average line. The weekly OBV line has steadied the past three months. The MACD oscillator is poised for a fresh outright buy signal.
In this daily Point and Figure chart of MOS, below, we can see a potential upside price target in the $74 area.
In this second Point and Figure chart of MOS, below, we used weekly price data. Here the software suggests a price target in the $103 area.
Bottom line strategy: Traders should have done nicely with our Feb. 1 recommendation about Mosaic, so let's go back to the well. Approach the long side of MOS on weakness below $60, risking to $50. Our first price target is $74.
