***MOS was upgraded Friday by BNO Capital Markets to Market Outperform with a price target to $51.00
***NOTE: MOS: new stop 45.07
We will look to add the other ½ this week.
New Position: Long ½ position MOS filled 45.95 ATR .62 (Reports February 11th)
Name of Instrument: The Mosaic Company
Sell Stop: 45.07
Current Price: 45.98
Reason For Trade: After a significant peak bottom in mid-October, it flew past the 200 DMA and then returned to the 50 DMA. The 50 DMA has crossed above the 100 DMA. The risk is good, position small and trading in anticipation it can clear the 200 DMA. Longer term, 50.00 is the place it must clear.
First Profit Target: 47.94 for ½ off