MONSANTO @ $81

Monsanto is one of is the largest companies in the Agriculture business (GM seeds).

The shares have traded in a HUGE range (DAILY) between $64 on 21st Nov 2008 and $88 recently on 26th March 2009. 200ema at $87 is providing strong resistance.

MON hit an all time HIGH 9 months ago @ $145 in June 2008.

The shares opened in Dec 2000 @ $10

Long term 50ema MONTHLY support @ $70 with reistance at $80 on the MONTHLY 5ema

The shares have failed to close above $100 since the first week of October 2008.

The technicals on a Daily, Weekly and Monthly basis are

D MACD(0.11) STOC (20) RSI (44) 5ema ($80.44) 50ema ($80.25)
W MACD(-2.5) STOC (40) RSI (46) 5ema ($80.42) 50ema ($87.59)
M MACD(2.78) STOC (51) RSI (46) 5ema ($80.64) 50ema ($70.75)


Last DAILY BUY signal was triggered on 10March @ $76
Last DAILY SELL signal was triggered on 1st April @ $81

Last WEEKLY BUY signal was triggered on Mar07 @ $55
Last WEEKLY SELL signal was triggered on Sep08 @ $110

Last MONTHLY BUY signal was triggered Nov05 @ $30
No MONTHLY SELL signal triggered as 5ema ($80) > 50ema ($70)

Support levels are $57.74 and $69.40

Resistance levels are $80.67 and $87.64

Last 13 days trading range (Hourly chart) $77-$85.75

Short term (HOURLY)BUY $70 stop/loss $63 Target $84

Short term (HOURLY) SELL $80 stop/loss $88 Target $64

Long term BUY @ $60 and SELL @ $100