MOS Up Huge

MOS was up over 7% today on decent volume. If you check out the chart, you'll see that yesterday MOS dropped down and touched a long term trendline - one that has been in place for 9 months. Within the next few sessions we should see the outcome of the bull flag that is currently forming (much like the one that formed in March). My bet is that it will resolve to the upside. If you want to get long MOS now, I think you'll be ok - just stop out below the lows set on Tuesday ($113.50).

Taking a look at the intraday action, MOS offered a good long setup this morning. It formed an ascending triangle and then broke to the upside with increased volume. It then found support at the former resistance line, and the rest of the day was just riding the gravy train. Sweet, sweet, agricultural gravy.

How about that surge of buying at the close? I bet this thing goes higher tomorrow.