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Monster Worldwide: The Losing Streak Continues (MWW)

Published on Wed, 04/03/2013 - 14:15
By Adrienne Chilton

Shares of Monster Worldwide (NYSE:MWW) traded today at $4.55, breaking its 52-week low. So far today approximately 834,000 shares have been exchanged, as compared to an average 30-day volume of 1.8 million shares.

Monster Worldwide, Inc., through its subsidiaries, offers help wanted advertisements over the Internet. The Company charges employers and human resource professionals to post and search advertisements, and allows job seekers to search job postings and post their resumes free of charge. Monster also operates websites that connect companies to highly targeted audiences.

There is potential upside of 63.0% for shares of Monster Worldwide based on a current price of $4.60 and an average consensus analyst price target of $7.50. The stock should run into initial resistance at its 50-day moving average (MA) of $5.36 and subsequent resistance at its 200-day MA of $6.53.

Monster Worldwide share prices have moved between a 52-week high of $10.02 and the current low of $4.55 and are currently at $4.60 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.5%.

By Adrienne Chilton