Wednesday, April 16, 2008

Monsanto Breakout

An nice breakout in Monsanto (Ticker: MON) today. The stock gained 7% on heavy volume and closing at a 52 week high of $131.95. The commodity stocks are on fire and today's news of a new $800 million stock repurchase certainly helped fuel the fire a bit. If I had some extra $$$, I would load up on Monsanto. This is a cyclical bull in commodities and has lots more to go.

Next week, keep your eyes wide open for earnings from Biogen Idec (Ticker: BIIB) and Genzyme (Ticker: GENZ).


At May 06, 2008, Anonymous Anonymous said...

good call...

May 6, 2008
MON: 119.70


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