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.
Below is a 2 year daily view of MOS.
Finally, here is a close up daily view.
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.
Goatmug
