On Wednesday, Mosaic earned an upgrade to its Relative Strength (RS) Rating, from 66 to 75.
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IBD's proprietary RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the best stocks tend to have an RS Rating of above 80 in the early stages of their moves. See if Mosaic can continue to rebound and hit that benchmark.
While the stock is not near a proper buy point right now, see if it goes on to form and break out of a proper base.
Although earnings and sales growth came in at -37% and -11%, respectively, in the latest report, that marked acceleration for both the top and bottom lines. Mosaic is expected to report its next quarterly numbers on or around May 6.
The company earns the No. 6 rank among its peers in the Chemicals-Agriculture industry group. Intrepid Potash, CVR Partners and Nutrien are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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