Saturday, October 16, 2010

Monsanto Looking Good

Monsanto (Ticker: MON) has had a nice run recently and no, I am not taking any profits here. I believe there are still lots more upside for Monsanto. If you compare Monsanto to the corn futures, you’ll see that Monsanto closely tracks the corn futures contracts. Beginning in early 2010, Monsanto and the corn futures started to diverge with Monsanto under performing. With the spike in corn futures, I see Monsanto rallying and closing the performance gap with the corn futures. We’re basically in a commodities bull run, which tends to be long multi year cycles. I would add to Monsanto on any pullback.


At October 16, 2010, Anonymous Anonymous said...

A very good pic on Monsanto. I think ur analysis is right on, its going higher. A good safe pic. Thanks.



Post a Comment

<< Home