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A Downgrade Could Do It

Posted by StockBuz on March 9, 2011 at 10:56pm
Several of the ags were downgraded today alleging that drought and flooding have already been baked in their price. MON sits at the bottom of a bearish descending triangle after falling out of its up channel. **If** it breaks tomorrow with higher volume, the short target would the 200d as marked with a cover stop above todays high. [Full disclosure: currently short this name]

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Tags: short-ideas, ags, mon
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