Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Key Outside Reversal Day for Mosaic

The powerful advance in Mosaic (MOS) hit an air-pocket Friday morning, but recovered entirely from its 3.7% morning plunge.

Mosaic's intraday form leads me to conclude the stock ended a minor pullback and has started a new upleg within its larger June-July advance that projects next into the 72.20-73.00 target zone.

In addition, Thursday's high in MOS was 70.23. A close above that level Friday means the stock has registered a key Outside Reversal day, which usually is a very bullish technical omen.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!