Monster Worldwide: It Pays to Keep America Working
by Sam Collins 07/29/09
Monster Worldwide (MWW) -- This online employment solutions company provides a network of Web sites connecting employers with employees.
More Trader Alerts
MWW fell from more than $60 in 2006 to less $6 in May 2009, but that was the bottom.
The stock broke from a cup-and-handle on April 29, executed a gold cross in early June, and now appears to be headed higher, following a break on July 23 from a bullish channel.
The target for this latest break is $16.50 to $18.
S&P recently raised its opinion on MWW to a "buy" from a "hold."
Get Sam Collins' Daily Trader's Alert e-mailed to you each morning before the opening bell absolutely FREE!
In addition to getting instant access to his Trade of the Day, you'll also receive his Daily Market Outlook in the same e-mail so you can start your day off right by positioning yourself for profits!
Sign up today for Sam's FREE Daily Trader's Alert!
Sam Collins is a registered, fee-based portfolio manager who may be contacted at samailc@cox.net. You can also check out an archive of some of his most recent market outlooks.
More By This Expert
2 Things Investors Don't Want to See Happen
If the S&P 500 fails to make a new high, it could create a double-top, which will probably have one of two negative outcomes.
While a correction could occur, the odds favor a big move up in the ProShares Ultra Russell2000 Value ETF (UVT).
Don't Get Burned by the Market
Investors who try to anticipate the market's next move may get burned. Your best course of action here is to be patient.
Leverage a Bet on the Nasdaq 100
The ProShares Ultra QQQ (QLD), which delivers twice the daily performance of the Nasdaq 100, hit a new 18-month high this week, and doesn't appear to be stopping.
The market will eventually break to new highs, but it will likely remain within the current narrow zone of support for several more months.
