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Monster Beverage Bullish Moving Average Crossover Alert (MNST)

By Nick Russo

Monster Beverage (NASDAQ:MNST) shares have crossed bullishly above their 10-day moving average of $65.17 on a volume of 183K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 38% above that low price at $65.53 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.2%.

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 10.2%. 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