MOS – Breakdown (by Goatmug)

By -

A breakdown in MOS is fully underway.  I've been watching this stock with anticipation.

I will present a few views of the stock.    Here is a weekly view of MOS.  MOS is currently trading at $52.59 as I'm typing.  Support, (which has been breached) is found at $52.75 and as I am typing the fertilizer company is punching through to the downside.

ScreenHunter_01 Apr. 19 10.44

Below is a 2 year daily view of MOS.

ScreenHunter_02 Apr. 19 10.48

Finally, here is a close up daily view. 

ScreenHunter_03 Apr. 19 10.50

Target for this short is $48.00

Stop – $53.25

For those that look at long term trend breakdowns such as the 14/34 EMA the 14 day EMA has turned down, but has not crossed over the 34 indicating a long term breakdown and change.  Therefore I simply have identified the $48 area as a target for this short.  If that 14 day EMA does cross over, I'd obviously retain the short for a longer term trade.