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Monster Beverage Bearish Moving Average Crossover Alert (MNST)

By Shiri Gupta

Monster Beverage (NASDAQ:MNST) crossed under its 10-day moving average of $57.50 on a volume of 475K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Monster Beverage share prices have moved between a 52-week high of $70.21 and a 52-week low of $47.61 and are now trading 20% above that low price at $57.33 per share. The 200-day and 50-day moving averages have moved 0.11% higher and 0.71% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Monster Beverage and will alert subscribers who have MNST in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses monster beverage

Ticker(s): MNST