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Monster Beverage Set to Possibly Rebound After Yesterday's Selloff of 1.06%

By Nick Russo

Monster Beverage (NASDAQ:MNST) traded in a range yesterday that spanned from a low of $63.91 to a high of $64.41. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $64.92 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Monster Beverage on April 26th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.01. Since that recommendation, shares of Monster Beverage have risen 10.1%. We continue to monitor MNST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Monster Beverage has traded in a range of $47.61 to $70.21 and is now at $64.41, 35% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

Keywords: rebounders monster beverage

Ticker(s): MNST