Monsanto Corporation ($MON) has without a doubt been a laggard this year but as this market continues to grind higher there will be rotation in and out of various sectors. The agriculture sector is a prime candidate to see some of this rotation, specifically Monsanto as it has shown the most relative strength in the sector. Currently Monsanto is trying to break the two month consolidation higher out of a nice bull flag. Over the $108 area Monsanto could try and go. If you would like to measure the relative strength Monsanto as time goes on, the agricultural ETF’s ticker is $MOO. Monsanto has been on the StockTwits 50 List for four consecutive weeks and is currently ranked number seventeen. Earnings are on June 26th. Click to enlarge chart.
Post By: @BenCBanks
» Technical Spotlight » St50 Technical Spotlight – Monsanto Corporation