Mosaic Is Close to the 200 Day Moving Average

Published on Friday, 13 July 2012 08:36 Written by TradersHuddle Wire

New York, July 13th (TradersHuddle.com) -Mosaic Company (NYSE:MOS) closed the trading session at $54.44 near its 200 day moving average set at $53.35. Mosaic price action is just above this key support level, grabbing traders' attention for a possible 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.

The latest price action range, defined by a peaks and troughs algorithm, places calculated support at $49.82 and resistance at $56.60. These levels will provide insight for the stock's latest price dynamics.

Traders wanting to establish a position on Mosaic will look for evidence of buying near the 200 day moving average, before opening the position as close as possible to this key technical level. Also, they need to consider the latest range defined by the calculated support and resistance levels for insights on other key levels that might have an effect on future price movements.