Sunday, May 30, 2010
MON- Monsanto Co- Very nice Trend Reversal Signal
Buy MON on Monday?
Monsanto Co stock chart is pretty interesting. Two days ago, on Thursday, May 27, it gave a very nice REVERSE (Buy) signal.
Not sure what was the news but it there must be some news for that day's price movement. MON opened down with a Gap and kept going down. Then suddenly, it reversed its trend and managed to close where it opened. The volume was distinctively high. This is a text book style REVERSE (Buy) signal (Text book referred is 'Profit From Prices' LOL).
If someone is trading/investing in this stock, please keep a stoploss at $48.