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

By Shiri Gupta

Today, shares of Monster Worldwide (NASDAQ:MNST) have fallen below their 10-day MA of $46.74 on a volume of 183K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Monster Worldwide share prices have been bracketed by a low of $40.64 and a high of $166.50 and are now at $46.61, 15% 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 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 68.2%. 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