Rochester,NY 8/11/2009 10:45:19 PM
Monsanto Company , UFI - Monsanto Support At Around $81.73
Monsanto Company
Monsanto closed at $83.48 yesterday. So far the stock has hit a 52-week low of $63.47 and 52-week high of $121.32. Monsanto stock showed support around 81.73 and resistance in the 84.97 range.
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Technical indicators for the stock are Bullish and S&P gives MON a neutral 3 STAR (out of 5) hold rating. MON appears on the Investors Observer Momentum Plays list. For a hedged play on this stock, look at an Oct '09 80 covered call (MON JP) for a net debit in the $76.38 area. That is also the break even stock price for this trade.
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