• Return to Headlines

Bearish Moving Average Cross by Monsanto (MON)

By David Diaz

Monsanto (NYSE:MON) crossed under its 10-day moving average of $117.77 on a volume of 315K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Monsanto share prices have moved between a 52-week high of $123.82 and a 52-week low of $81.22 and are now trading 45% above that low price at $117.66 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Monsanto on November 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.75. Since that recommendation, shares of Monsanto have risen 14.8%. We continue to monitor MON for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Monsanto

Ticker(s): MON