Corn Planting to Boost Monsanto (NYSE:MON) Results

$SYT

Biotech seed giant Monsanto (NYSE:MON) is likely to beat Wall Street analysts’ consensus EPS estimate of 2.06 when it reports F-Q-3 earnings Wednesday

Not that anyone will much notice as participants are focused by the slow-moving and largely 1-sided merger dance Monsanto is attempting to lead with rival Syngenta (NYSE:SYT), according analysts.

They believe higher-than-expected Corn planting by US farmers will help Monsanto outpace expectations as planting conditions have favored the grain, helping offset lower prices for Monsanto’s seed prices in an environment where farmers’ wallets have been pinched by low commodity prices.

Symbol Last Trade Date Change Open High Low Volume
NYSE: MON 112.78 Jun-23-2015 -1.56 114.14 114.7 112.64 3,647,000
Analysis for MON: Overall Short Intermediate Long
Bearish (-0.32) Bearish (-0.43) Bearish (-0.35) Neutral (-0.17)
Recent CandleStick Analysis
Neutral
Date Candle
18 Jun 2015 Bullish Engulfing
Open Gaps
Direction Date  Range
down 15 June 2015 113.87 to 113.43
down   4 June 2015 115.5 to 115.11
down 26 May 2015 119.77 to 119.62
down 26 Feb 2015 124.16 to 124.1

Untitled mon

Support and Resistance
Type Value Conf.
resist. 125.46 2
resist. 124.13 2
resist. 121.05 4
resist. 120.49 3
resist. 119.90 6
resist. 118.46 4
resist. 117.44 7
resist. 116.70 2
resist. 115.64 3
resist. 115.09 3
resist. 113.95 4
resist. 113.41 3
supp 112.37 4
Chart Indicators
Ind. Short Inter Long
EMA VBe VBe VBe
MACD VBe Bu N
RSI Be
TDD Be
Fibs VBe VBe Bu
Highs N N Be
Lows N N N
Trends VBe N N
Stoch, VBu
VBu=Very Bullish,    Bu=Bullish
N=Neutral
Be=Bearish,    VBe=Very Bearish

Stay tuned…

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