Monster Worldwide (MWW) a Good Bet in a Recovery
07/30/2009 12:01 am EST
Monster Worldwide (MWW) -- This online employment solutions company provides a network of Web sites connecting employers with employees.
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