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Monster Beverage: 52-Week High Recently Eclipsed (MNST)

By Amy Schwartz

Monster Beverage (NASDAQ:MNST) traded at a new 52-week high today of $56.25. This new high was reached on below average trading volume as 133,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

In the past 52 weeks, Monster Beverage share prices have been bracketed by a low of $40.64 and a high of $56.25 and are now at $56.14, 38% 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%.

Monster Beverage (NASDAQ:MNST) has potential upside of 0.1% based on a current price of $56.14 and analysts' consensus price target of $56.18. The stock should run into initial resistance at its 50-day moving average (MA) of $132.19 and subsequent resistance at its 200-day MA of $139.01.

Monster Beverage Corporation operates as a holding company. The Company, through its subsidiaries, markets and distributes energy drinks. Monster Beverage serves customers worldwide.

SmarTrend recommended that subscribers consider buying shares of Monster Beverage on August 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.22. Since that recommendation, shares of Monster Beverage have risen 3.2%. We continue to monitor MNST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows monster beverage

Ticker(s): MNST