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Bullish Moving Average Cross by Monster Worldwide (MNST)

By Amy Schwartz

Today, shares of Monster Worldwide (NASDAQ:MNST) have crossed bullishly above their 10-day moving average of $159.75 on a volume of 671K 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.

Monster Worldwide share prices have moved between a 52-week high of $166.50 and a 52-week low of $64.27 and are now trading 156% above that low price at $164.45 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Monster Worldwide on April 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $142.94. Since that recommendation, shares of Monster Worldwide have risen 10.9%. We continue to monitor MNST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses monster worldwide

Ticker(s): MNST