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Monster Worldwide Bullish Moving Average Crossover Alert (MNST)

By David Diaz

Today, shares of Monster Worldwide (NASDAQ:MNST) have crossed bullishly above their 10-day moving average of $149.30 on a volume of 606K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Monster Worldwide share prices have been bracketed by a low of $64.27 and a high of $160.50 and are now at $150.29, 134% above that low price. The 200-day and 50-day moving averages have moved 0.07% higher and 1.04% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Monster Worldwide on April 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $142.94. Since that recommendation, shares of Monster Worldwide have risen 3.8%. We continue to monitor MNST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses monster worldwide

Ticker(s): MNST