Harvesting Monsanto

Last month I discussed a buy setup in Monsanto (MON) -- a setup that ultimately triggered a buy entry after the stock hit its April 18 low into a key price-support cluster. In the proceeding weeks, this was followed by a $7.80 rally, from $101.53 to $109.33.

Now, when Monsanto met its key target at the 1.272 Fibonacci extension, that was when I suggested that you trail up stops and/or book some profits. A trailing stop should have left you with reasonable upside. Since then, the stock has declined $6.02 from the May 15 high, and I'm now seeing another potential buy opportunity as the stock approaches key areas both in price and in timing....223 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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