The major agricultural chemical firm Monsanto Company (NYSE: MON) double-topped in July 2009 and January 2010. It then executed a “death cross” in March, and has been in a bear market since that time. Following a two-month rally, our proprietary indicator, the Collins-Bollinger Reversal (CBR), flashed a sell at over $60 in July, and the stock promptly fell 10 points. Recent heavy selling and poor earnings continue to put pressure on the stock. Sell MON at market.
Comments are currently unavailable. Please check back soon.