[MON] Long on a Text Book Pennant Setup on the Daily Chart

Taking Monsanto Long for a measured move of +3.74% (+$4.00/sh) to $112.50. Stop is at $106.74 for a better than 2-to-1 R:R. Volume has been strong on green, weak on red as this formation sets up to break out.

This chart may also be completing a cup and handle on the daily, making the measured move closer to +$12, taking it to a potential price of $120/sh.

Trade closed: target reached:

Target reached via measured move from pennant breakout.