• Return to Headlines

Bearish Moving Average Cross by Monsanto (MON)

By Shiri Gupta

Today, shares of Monsanto (NYSE:MON) have crossed bearishly below their 10-day moving average of $110.08 on a volume of 943K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Monsanto have traded between a low of $81.22 and a high of $123.82 and are now at $109.89, which is 35% above that low price. The 200-day and 50-day moving averages have moved 0.31% lower and 0.36% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Monsanto on May 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $98.46. Since that recommendation, shares of Monsanto have risen 12.7%. 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