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Monster Worldwide Bearish Moving Average Crossover Alert (MNST)

By Nick Russo

Today, shares of Monster Worldwide (NASDAQ:MNST) have crossed bearishly below their 10-day moving average of $50.69 on a volume of 1.4 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Monster Worldwide has traded in a range of $40.64 to $166.50 and is now at $50.39, 24% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Monster Worldwide on September 12th, 2016 by issuing a Downtrend alert when the shares were trading at $147.74. Since that call, shares of Monster Worldwide have fallen 65.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses monster worldwide

Ticker(s): MNST