Shares of Monster Worldwide Has Risen Above Previous 52-Week High
Shares of Monster Worldwide (NASDAQ:MNST) traded at a new 52-week high today of $162.33. Approximately 142,000 shares have changed hands today, as compared to an average 30-day volume of 1.6 million shares.
Over the past year, Monster Worldwide has traded in a range of $64.27 to $162.33 and is now at $162.02, 152% 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.
Monster Beverage Corporation markets and distributes energy drinks, fruit juices, fruit juice smoothies, juice cocktails, iced teas, lemonades, and still water. The Company distributes its beverages in the United States and overseas.
There is potential upside of 0.9% for shares of Monster Worldwide based on a current price of $162.02 and an average consensus analyst price target of $163.53. The stock should discover initial support at its 200-day moving average (MA) of $139.01 and subsequent support at its 50-day MA of $132.19.
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 12.8%. We continue to monitor MNST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows monster worldwide