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MONSANTO CO
(MTC-NYSE):
Technical Viewpoint: From a low
of $37 1/4 on Jan 19, 1999 prices
rallied, reaching a
high of $50.00
on Feb 2, 1999. A
decline saw prices pull back, reaching a
low of
$44.00 on Mar 2, 1999.
Another rally saw prices penetrate
resistance, closing 3/16/99
at $50.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 28, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $47 1/2. Resistance: Is at $54 1/2.
Point & Figure: Reversed to the upside on Mar 11, 1999. A P&F upside
reversal takes place at $47.00. Summary: Technical indicators have turned bullish. BUY! MONSANTO CO
(MTC-NYSE) @ $50 7/8 Stop: Use a protective stop of $48 1/8.
MONSANTO CO is currently trading @ $50.69 plus $2.00 on Mar 17, 1999. Price Objective:
$71.00. Risk/Reward: $2 3/4 VS. $20 1/8. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$71.00
Risk/Reward:
$2 3/4 VS. $20 1/8
Risk/Reward Ratio:
7:1
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