Monsanto has been hit pretty hard over the last month. Long term fundamentals are very strong for the company and growth is set to continue. A few good technical build ups have helped me make the case for adding to my long position in the company
1) Bounce off the 200D MA
2) Crossover of the MACD
3) Price reaching the low end of the Bollinger band
4) RSI recently reaching oversold levels.
I believe in the company long term and don't really care for a short term price target but I thought that green racing flag looked pretty cool so lets say a target of $128 by October.
1) Bounce off the 200D MA
2) Crossover of the MACD
3) Price reaching the low end of the Bollinger band
4) RSI recently reaching oversold levels.
I believe in the company long term and don't really care for a short term price target but I thought that green racing flag looked pretty cool so lets say a target of $128 by October.