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Monsanto Crosses Below its 10-day MA (MON)

By Amy Schwartz

Today, shares of Monsanto (NYSE:MON) have fallen below their 10-day MA of $108.36 on a volume of 715K 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 $107.74, 33% above that low. 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 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 10.4%. 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