Monster Worldwide (MWW) Breaks Out from Double Top
08/25/2009 12:01 am EST
Back on July 29, I said, "…But that was the bottom for this employment company and it broke from a cup and handle on April 29, executed a golden cross in early June, and now appears headed higher following a break last Thursday (July 23) from a bull 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."
Now, with a new breakout from a double top, we are raising our target for MWW to $20.
By Sam Collins of OptionsZone.com