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Bullish Moving Average Cross by Monster Beverage (MNST)

By Nick Russo

Monster Beverage (NASDAQ:MNST) crossed over its 10-day moving average of $52.84 on a volume of 559K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Monster Beverage share prices have been bracketed by a low of $40.64 and a high of $55.50 and are now at $53.58, 32% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

SmarTrend recommended that its subscribers protect gains by selling shares of Monster Beverage on September 12th, 2016 by issuing a Downtrend alert when the shares were trading at $147.74. Since that call, shares of Monster Beverage have fallen 64.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses monster beverage

Ticker(s): MNST