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Monster Worldwide Makes a Move: Down 3.2%

Published on Tue, 03/19/2013 - 12:15
By Mallory Stone

One of today's stocks on the move is Monster Worldwide (NYSE:MWW), down 3.2% to $5.07. The S&P is currently trading 0.5% lower to 1,545 and the Dow Jones Industrial Average is trading 0.2% lower to 14,420.

There is potential upside of 48.1% for shares of Monster Worldwide based on a current price of $5.07 and an average consensus analyst price target of $7.50. The stock should find initial resistance at its 50-day moving average (MA) of $5.52 and further resistance at its 200-day MA of $6.69.

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.

In the past 52 weeks, shares of Monster Worldwide have traded between a low of $4.94 and a high of $10.40 and are now at $5.07, which is 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.8%.

By Mallory Stone
mstone@fnno.com