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Watch for Monster Beverage to Potentially Rebound After Falling 2.36% Yesterday

By James Quinn

Monster Beverage (NASDAQ:MNST) traded in a range yesterday that spanned from a low of $64.39 to a high of $65.50. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $64.71 on volume of 827,000 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 11.8%. 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 $47.61 and a high of $70.21 and are now at $64.43, which is 35% above that low price. The 200-day and 50-day moving averages have moved 0.11% higher and 0.55% higher over the past week, respectively.

Keywords: rebounders monster beverage

Ticker(s): MNST