|
MONSANTO CO
(MON-NYSE):
Technical Viewpoint: From a low
of $15.25 on Oct 24, 2002 prices
rallied, reaching a
high of $18.00
on Nov 6, 2002. A
decline saw prices pull back, reaching a
low of
$15.67 on Nov 25, 2002.
Another rally saw prices penetrate
resistance, closing 12/4/02
at $18.41. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 27, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $16.00. Resistance: Is at $18.75.
Point & Figure: Reversed to the upside on Nov 27, 2002. A P&F upside
reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! MONSANTO CO
(MON-NYSE) @ $18.63 Stop: Use a protective stop of $17.13.
MONSANTO CO is currently trading @ $18.41 plus $0.83 on Dec 4, 2002. Price Objective:
$28.50. Risk/Reward: $1.50 VS. $9.88. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$28.50
Risk/Reward:
$1.50 VS. $9.88
Risk/Reward Ratio:
6:1
|
