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.

Mosaic on the Move


With some help from a Goldman Sachs research upgrade and conviction buy of Monsanto (MON) this morning, the chemical-fertilizer section, in general, and Mosaic (MOS), in particular, have attracted some sympathetic buying, as the stock claws its way back up towards a retest of Monday evening's earnings reaction high at 69.97.

I expect that to happen in the upcoming hours, but it is what happens thereafter that intrigues me. Let's notice that a three-month resistance line at 70.30 as well as the July high at 70.69 represent a formidable resistance band, which if hurdled and sustained should trigger upside continuation and acceleration towards 74.00-75.00.

At this juncture, only a decline that breaks yesterday's low at 67.55 will delay the initiation of a new upleg in MOS.

  • 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!