A Stock About to Make a Monster Move
Monster Worldwide, Inc. (NYSE: MWW) — This online employment solutions company provides a network of websites connecting employers with employees.
The stock fell from about $26 in December to under $16 due to a disappointment in earnings, which was the result of one-time charges. S&P looks for “much wider margins in 2011.”
The recovery of global economies should also help MWW’s rebound. S&P has a “four-star buy” on MWW with a 12-month target of $24.
Technically, the stock has held on its 200-day moving average following a dramatic sell-off. This week, the Moving Average Convergence/Divergence (MACD) indicator flashed a very strong buy signal. The target for a trade is $22-$23.
Categories: Invest Analysis Tags: About, Monster, Move, Stock
