After Yesterday's Rally of 1.09% Shares Could Potentially Pullback
Monster Worldwide (NASDAQ:MNST) traded in a range yesterday that spanned from a low of $155.96 to a high of $157.87. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $157.27 on volume of 489,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Monster Worldwide share prices have moved between a 52-week high of $160.50 and a 52-week low of $64.27 and are now trading 145% above that low price at $157.74 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.
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 9.3%. We continue to monitor MNST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: rebounders monster worldwide