Monsanto ($MON)

(Click Chart to Enlarge)

(Click Chart to Enlarge)

 

Monsanto broke the lower trend line of the up trend, and retested it.  It acted as resistance and is now sitting in a homophone pattern. I have Monsanto on watch for a solid break below 96.5.  If this happens, my price target would be somewhere in the low 80’s. A break above 106.80 negates this trade.  No position right now.

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