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.