A dummy a day: Mosaic Co. (MOS)

High-flying MOS gapped up and formed a very nice base before breaking out smoothly in the afternoon. A nice and easy pattern to trade if you have the patience to sit with it for a few hours:


If you bought MOS when it broke above the 12:30 inside candle at $103.77 with a stop below it at $103.10, you would risk 67 cents. Holding until the end of the day would have given you 538 cents for every share you owned, or over 8 times your risk.