Monster Worldwide (MWW) a Good Bet in a Recovery

07/30/2009 12:01 am EST

Focus: STOCKS

Monster Worldwide (MWW) -- This online employment solutions company provides a network of Web sites connecting employers with employees.



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MWW fell from more than $60 in 2006 to less than $6 in May 2009, but that was the bottom.

The stock broke from a “cup-and-handle” pattern 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.”

By Sam Collins of OptionsZone.com

 

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