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Shares of Monster Worldwide Receive a Boost, Up 1.6%

Published on Thu, 01/10/2013 - 13:20
By Peter Chu

Monster Worldwide (NYSE:MWW) is one of today's notable stocks on the rise, up 1.6% to $5.92. The Dow Jones Industrial Average is now trading 0.2% higher to 13,422 and the S&P is trading 0.3% higher to 1,466.

Monster Worldwide (NYSE:MWW) has potential upside of 49.5% based on a current price of $5.92 and analysts' consensus price target of $8.86. The stock should find resistance at its 200-day moving average (MA) of $7.45, as well as support at its 50-day MA of $5.82.

Over the past year, Monster Worldwide has traded in a range of $5.01 to $10.40 and is now at $5.92, 18% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.2% while the 200-day MA has slid 0.7%.

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.

By Peter Chu
pchu@fnno.com

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