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Bearish Moving Average Cross by Monster Beverage (MNST)

By Amy Schwartz

Today, shares of Monster Beverage (NASDAQ:MNST) have crossed bearishly below their 10-day moving average of $60.39 on a volume of 805K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Monster Beverage has traded in a range of $47.61 to $70.21 and is now at $58.27, 22% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Monster Beverage on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.23. Since that recommendation, shares of Monster Beverage have risen 16.0%. We continue to monitor MNST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses monster beverage

Ticker(s): MNST