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SmarTrend Watching for Potential Pullback in Shares of Monster Beverage After 1.58% Gain

By James Quinn

Monster Beverage (NASDAQ:MNST) traded in a range yesterday that spanned from a low of $65.97 to a high of $66.27. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $65.87 on volume of 685,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Monster Beverage on November 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.65. Since that recommendation, shares of Monster Beverage have risen 10.4%. We continue to monitor MNST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Monster Beverage have traded between a low of $47.74 and a high of $66.38 and are now at $66.77, which is 40% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.3%.

Keywords: rebounders monster beverage

Ticker(s): MNST