Don't Ignore This Chart

Mosaic (MOS) Seems To Be Completing The Picture

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Mosaic's chart looks like an endless river of pain. So much so, why would anyone look at the stock for investment? Well, a couple of signals have kicked up that make it worthy of a second look now.

First of all, the SCTR recently gave us a signal by moving above 75. Then the SCTR scaled back to 45 and moved back above the 75 level. This is a common occurrence on stocks when they start to outperform. So that is a real positive that I like to see. Full stochastics have pushed back above 50. The stock price has bounced off the 40 week moving average which is bullish. It has also formed a higher low. Now we need to see a higher high which is a move above $29.20 which would also be 52 week highs. 


The weekly volume has been high but average. This ticker symbol averages 22 Million a day which is fantastic for a chart with such a major downtrend. One of the signals I like here is the PPO making a positive cross while above zero for the first time in 5 years! Looking at the chart, it had a failed PPO signal in June 2013 with the  positive cross, but the SCTR was not outperforming. These signals working together create a positive bias in my book. I think the stop can be nice and tight at the 10 WMA. 

Good trading,
Greg Schnell, CMT, MFTA

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Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is also the author of Stock Charts for Dummies (Wiley, 2018). Learn More
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