Upgrade Alert for Monsanto (MON)
Monsanto (NYSE:MON) was upgraded from Neutral to Buy at Monness Crespi today. The stock closed yesterday at $106.75 on volume of 1.4 million shares, below average daily volume of 2.9 million.
Monsanto has overhead space with shares priced $106.75, or 1.0% below the average consensus analyst price target of $107.84. Monsanto shares have support at the 200-day moving average (MA) of $93.01 and additional support at the 50-day MA of $90.20.
Monsanto share prices have moved between a 52-week high of $123.82 and a 52-week low of $81.22 and closed yesterday at 31% above that low price at $106.75 per share. 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%.
Monsanto Company provides agricultural products for farmers. The Company's business segments are seeds and genomics. Monsanto produces a wide range of seeds and develops biotechnology traits that assist farmers in controlling insects andweeds as well as provides other seed companies with genetic material and biotechnology traits for their seed brands.
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: analyst upgrades/downgrades Monsanto