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Monster Beverage Crosses Below its 10-day MA (MNST)

By Amy Schwartz

Today, shares of Monster Beverage (NASDAQ:MNST) have fallen below their 10-day MA of $55.64 on a volume of 247K 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 $40.64 and are now trading 36% above that low price at $55.33 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Monster Beverage. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Monster Beverage in search of a potential trend change.

Keywords: moving crosses monster beverage

Ticker(s): MNST