Monsanto Breaks $120, Closes at All Time Highs
Scrolling through my watch list, found myself staring at Monsanto Co, MON stock which just yesterday gapped on heavy volume and broke to yet again new all time highs.
Beautiful looking chart, easy to see the support the stock has received from its moving averages on its way up from the $70 break in early September all the way to $120.
Click to view, Click again to Zoom
The stock finished today at $120.92, anyone have a position in this machine? MON stock still looks bullish even at these levels.
More on this topic
(What's this?)
Monsanto Reaps Huge Rewards From Its Blossoming Seed Business
(Money Morning, 1/6/08)
Bad Timing on Monsanto
(My Trader's Journal, 5/27/09)
Growing My Account with Monsanto (MON)
(My Trader's Journal, 12/17/07)
I don’t know what to do about MON. This is a stock I had been watching for a while and looking to buy. I was waiting for a pullback to around $100, and now it doesn’t appear that is in the cards. The whole ag sector is doing extremely well with profits, but the stocks won’t selloff at all hardly.