Monster Worldwide (MWW) — This online employment solutions company provides a network of Web sites connecting employers with employees.
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MWW fell from more than $60 in 2006 to less $6 in May 2009, but that was the bottom.
The stock broke from a cup-and-handle on April 29, executed a gold cross in early June, and now appears to be headed higher, following a break on July 23 from a bullish channel.
The target for this latest break is $16.50 to $18.
S&P recently raised its opinion on MWW to a “buy” from a “hold.”
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Sam Collins is a registered, fee-based portfolio manager who may be contacted at samailc@cox.net. You can also check out an archive of some of his most recent market outlooks.