Monsanto, producer and marketer of seeds to farmers shows strong figures to exceed the symbolic threshold of USD 107.

From a fundamental viewpoint, despite a high valuation, analysts polled by Thomson Reuters have regularly revised upward the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health of the company.

Since several months, the stock has initiated a bullish trend mainly due to strong fundamentals. The move could continue, supported by the 20 and 50-day moving averages, and return to its highest price levels of 2008.

Taking into account all these elements, investors could buy the stock at the current price. The first target price is set USD 110 (corresponding to the trend line). A stop loss will be fixed below the 50-day moving average at USD 102.5.