Mosaic Close to the 50 Day

Published on Friday, 13 January 2012 08:20 Written by Christian Paolinetti

New York, January 13th (TradersHuddle.com) - Shares of Mosaic Company (NYSE:MOS) closed the trading day at $54.59 close to its 50 day moving average currently set at $52.69. Mosaic price action is just above this important support level translating into a trading opportunity.

The Mosaic Company (NYSE:MOS) produces and distributes crop nutrients to the agricultural communities located in North America and other countries. The Company's principal products include concentrated phosphates, and potash.

Looking at peaks and troughs horizontal support and resistance levels, we can see current calculated support at $48.35 and calculated resistance at $55.25. These levels should also be evaluated by traders when planning their trades, as they provide an insight into the latest price action.

Traders wanting to establish a position on Mosaic will be looking at the price action for evidence of buying near the 50 day moving average, and opening a position as close as possible to this important level. Also traders will be looking at the latest price action, via the stocks current range previously defined for insights of other key levels that might affect their upside or downside.