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Monster Beverage Bullish Moving Average Crossover Alert (MNST)

By Nick Russo

Today, shares of Monster Beverage (NASDAQ:MNST) have crossed bullishly above their 10-day moving average of $57.78 on a volume of 273K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Monster Beverage has traded in a range of $47.61 to $70.21 and is now at $58.00, 22% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Monster Beverage on August 6th, 2019 by issuing a Downtrend alert when the shares were trading at $59.57. Since that call, shares of Monster Beverage have fallen 4.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses monster beverage

Ticker(s): MNST