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MONSTER WORLDWIDE
(MNST-Nasdaq):
Technical Viewpoint: From a low
of $20.02 on Mar 11, 2004 prices
rallied, reaching a
high of $29.94
on Apr 26, 2004. A
decline saw prices pull back, reaching a
low of
$23.52 on May 25, 2004.
Another rally saw prices penetrate
resistance, closing 6/8/04
at $28.18. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 8, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $25.50. Resistance: Is at $29.94.
Point & Figure: Reversed to the upside on Jun 6, 2004. A P&F upside
reversal takes place at $26.50. Summary: Technical indicators have turned bullish. BUY! MONSTER WORLDWIDE
(MNST-Nasdaq) @ $28.38 Stop: Use a protective stop of $26.38.
MONSTER WORLDWIDE is currently trading @ $28.18 plus $1.42 on Jun 8, 2004. Price Objective:
$40.00. Risk/Reward: $2.00 VS. $11.62. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$40.00
Risk/Reward:
$2.00 VS. $11.62
Risk/Reward Ratio:
6:1
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