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Shares of Monsanto Rise Above Previous 52-Week High

Published on Thu, 05/09/2013 - 14:23
By Mallory Stone

Shares of Monsanto (NYSE:MON) traded at a new 52-week high today of $108.63. So far today approximately 1 million shares have been exchanged, as compared to an average 30-day volume of 2.6 million shares.

Monsanto (NYSE:MON) has potential upside of 4.4% based on a current price of $107.74 and analysts' consensus price target of $112.45. The stock should find initial support at its 50-day moving average (MA) of $104.16 and further support at its 200-day MA of $94.90.

Monsanto share prices have moved between a 52-week high of $108.63 and a 52-week low of $69.70 and are now trading 55% above that low price at $107.74 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.3%.

Monsanto Company provides agricultural products for farmers. The Company's business segments are seeds and genomics. Monsanto produces a wide range of seeds and develops biotechnology traits that assist farmers in controlling insects andweeds as well as provides other seed companies with genetic material and biotechnology traits for their seed brands.

By Mallory Stone