MON reported earnings of $1.79. The expectation was for $1.72. Previous year-ago EPS was at $0.99.Basically beat earnings.
Reaction to the numbers was not very good. This usually happens when expectations are high.
Bottom line:- On the Chart, you see it is in a downtrend channel. The channel should be broken out of to have any momentum. Till then, this stock will travel to the bottom of channel.
Good Luck !
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