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Monster Beverage Bearish Moving Average Crossover Alert (MNST)

By Shiri Gupta

Today, shares of Monster Beverage (NASDAQ:MNST) have fallen below their 10-day MA of $63.88 on a volume of 325K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Monster Beverage share prices have been bracketed by a low of $47.61 and a high of $70.21 and are now at $63.17, 33% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Monster Beverage on April 26th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.01. Since that recommendation, shares of Monster Beverage have risen 8.6%. 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