Strength In Shares Of Monsanto Co (NYSE: MON) Says Market Timer Frank Kollar
September 11, 2007 (FinancialWire) (By Frank Kollar)
On a day when the stock market closed mostly lower, shares of Monsanto Co (NYSE: MON) added 1% on strong volume.
Monsanto recovered quickly from correction losses during the July-August declines, and while most stocks are still recovering, Monsanto is now at new rally highs. Where is this stock going over the next few weeks?
We expect Monsanto to reach at least $74.08 in the near-term. After that target is reached, we could easily see $78.32 in coming weeks.
The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy currently has a position in Monsanto.
Follow your strategy and adhere to money management rules to protect capital. If you do not have money management rules, give FibTimer.com (http://www.fibtimer.com) a call. The surest way to lose money in the stock market is to trade without a plan.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
Go to previous Press Releases & Trading Notes.
Note: These "Trading Notes" are short term in nature. They may or may not reflect the same position as current subscriber reports which typically have longer time frames.
© Copyright 1996-2007, Kollar Market Analytics, Inc., All Rights Reserved.
FibTimer reports may not be redistributed without permission. These Trading Notes however may be distributed without permission.
Disclaimer: The financial markets are risky. Investing is risky. Past performance
does not guarantee future performance. The foregoing has been prepared solely
for informational purposes and is not a solicitation, or an offer to buy or sell
any security. Opinions are based on historical research and data believed reliable,
but there is no guarantee that future results will be profitable. |
