Harry Aloof
12-19-2006, 08:05 AM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
Monsanto (MON) NYSE
Report No. 2202 Analysis by: Harry Aloof December 17, 2006
MONSANTO CO (MON-NYSE): Technical Viewpoint: From a low of $42.75 on Oct 25, 2006 prices rallied, reaching a high of $49.44 on Nov 22, 2006. A decline saw prices pull back, reaching a low of $46.75 on Nov 28, 2006. Another rally saw prices penetrate resistance, closing 12/15/06 at $50.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Dec 15, 2006 when the Histogram crossed the "0" line to the upside. Support: Remains at $48.00. Resistance: None at current levels. Point & Figure: Reversed to the upside on Nov 9, 2006. A P&F upside reversal takes place at $48.00. Summary: Technical indicators have turned bullish. Buy! MONSANTO CO (MON-Nasdaq) @ $51.25 Stop: Use a protective stop of $48.75. Monsanto Co is currently trading @ $50.94 Plus $2.41 on Dec 15, 2006.
Price Objective: $62.50.
Risk/Reward: $2.50 VS. $11.25.
Today's Risk Reward Ratio: 4:1
581
Monsanto (MON) NYSE
Report No. 2202 Analysis by: Harry Aloof December 17, 2006
MONSANTO CO (MON-NYSE): Technical Viewpoint: From a low of $42.75 on Oct 25, 2006 prices rallied, reaching a high of $49.44 on Nov 22, 2006. A decline saw prices pull back, reaching a low of $46.75 on Nov 28, 2006. Another rally saw prices penetrate resistance, closing 12/15/06 at $50.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Dec 15, 2006 when the Histogram crossed the "0" line to the upside. Support: Remains at $48.00. Resistance: None at current levels. Point & Figure: Reversed to the upside on Nov 9, 2006. A P&F upside reversal takes place at $48.00. Summary: Technical indicators have turned bullish. Buy! MONSANTO CO (MON-Nasdaq) @ $51.25 Stop: Use a protective stop of $48.75. Monsanto Co is currently trading @ $50.94 Plus $2.41 on Dec 15, 2006.
Price Objective: $62.50.
Risk/Reward: $2.50 VS. $11.25.
Today's Risk Reward Ratio: 4:1
581