My Short Setup in Mosaic (MOS) That I Took
Once the SPX made session lows, bounced, and then only sold off again to make fresh session lows, I decided to short Mosaic (MOS) which I had been eye-ballin' early on. What appeals to me the most here is the inability to break through the 200-day moving average on five seperate occasions over the past year as well as the continuous series of lower-highs and lower-lows.
I'm looking for a move down into the $40's for MOS.
Here is the detailed MOS trade Setup