Monsanto Bearish Moving Average Crossover Alert (MON)
Monsanto (NYSE:MON) crossed under its 10-day moving average of $107.09 on a volume of 4.0 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Monsanto has traded in a range of $81.22 to $123.82 and is now at $106.95, 32% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.4%.
SmarTrend is tracking the current trend status for Monsanto and will alert subscribers who have MON in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Monsanto