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MON Room To Run

Posted by StockBuz on May 7, 2014 at 5:42pm in Long Setups

In this post I talked about diamond tops and that some are not "tops", but merely consolidations before another move higher. I recommended MON calls which are now up 200% or more. Taking a step back and looking at MON's long term chart, you can see it has retraced 61.8% of the 2008 high with many other indexes already having surpassed their highs. I believe MON will have room to run............and I'm sticking with it. Take partials along the way. $109 was my original stop - now up to break even.

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monsanto, mon, diamond patterns, stock consolidations

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