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Monsanto Crosses Above its 10-day MA (MON)

By James Quinn

Today, shares of Monsanto (NYSE:MON) have advanced above their 10-day MA of $116.14 on a volume of 126K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $116.30, 43% 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 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 12.9%. 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