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Watch for Shares of Monsanto (MON) to Approach Support at $115.45

By Amy Schwartz

Monsanto (NYSE:MON) has opened bearishly below the pivot of $115.84 today and has reached the first level of support at $115.58. Investors may be interested in a cross of the next downside pivot targets of $115.45 and $115.06.

There is potential upside of 0.0% for shares of Monsanto based on a current price of $0.00 and an average consensus analyst price target of $123.92. The stock should find initial resistance at its 50-day moving average (MA) of $90.20 and further resistance at its 200-day MA of $93.01.

Monsanto share prices have moved between a 52-week high of $123.82 and the current low of $0.00 and are currently at $0.00 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 12.6%. We continue to monitor MON for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Monsanto

Ticker(s): MON