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After Yesterday's Rally of 1.29% Shares Could Potentially Pullback

By Amy Schwartz

Monster Worldwide (NASDAQ:MNST) traded in a range yesterday that spanned from a low of $47.53 to a high of $48.40. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $47.90 on volume of 861,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Monster Worldwide has traded in a range of $40.64 to $166.50 and is now at $48.29, 19% 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 67.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders monster worldwide

Ticker(s): MNST