The Top 6 Stock Charts to Watch in December

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The Top 6 Stock Charts to Watch in December

Mead Johnson Nutrition (MJN)

mjn 300x173 The Top 6 Stock Charts to Watch in December
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Mead Johnson Nutrition (MJN) has already rewarded investors with a 30% gain in 2013, but more upside could be in the cards if the stock can get through its June 2012 high of $88.64.

The stock has been boosted by its role as a conservative consumer-staples play and, more recently, China’s shift on its one-child policy. Earnings estimates are rising, but it should be noted that MJN still has to rise about 5% to get to its breakout level. Also, it’s no longer cheap at 23 times forward earnings. Keep an eye on this one, but tread carefully.

The charts of two ADRs also stand out from the crowd, one for its positive technical setup and another for its flashing caution signal.


Article printed from InvestorPlace Media, http://investorplace.com/2013/12/top-stock-charts-watch-december/.

©2014 InvestorPlace Media, LLC

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