Trade of the Day: Monster Worldwide: It Pays to Keep America Working

Monster Worldwide (MWW) — This online employment solutions company provides a network of Web sites connecting employers with employees.

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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Article printed from InvestorPlace Media, https://investorplace.com/2009/07/7-29-09-mww/.

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