Intra-day $MON Level To Watch

Leading agricultural products maker Monsanto Co (NYSE:MON) is trading lower on the session by $1.24 a share to $106.38. The stocks seems to be trading lower in sympathy to most other stocks in the sector. Earlier today, leading agriculture company Potash Corp. of Saskatchewan Ltd (NYSE:POT) reported that their third quarter profit declined by 45 percent. This news is definitely weighing on most stocks in the sector. Day traders can watch for important intra-day support around the $105.55 level. This is an area where day traders can look for a potential intra-day bounce.

Nick Santiago
www.InTheMoneyStocks.com