Street Ignores Soc Gen Downgrade Of Mosaic

The Mosiac Co. MOS shares are trading higher by $0.50 at $23.41 in Tuesday's session. The Street is utilizing a Soc Gen downgrade from undefined to Sell as a buying opportunity. After a lower open, it found support just below the area of its prior two lows ($22.37 and $22.51), reaching $22.20 before staging a rebound. The ensuing rally has take the issue into the mid $23 handle and is currently trading just off the high for the day, which currently stands at $23.48.