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Monster Beverage Bullish Moving Average Crossover Alert (MNST)

By James Quinn

Monster Beverage (NASDAQ:MNST) crossed over its 10-day moving average of $58.25 on a volume of 2.0 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Monster Beverage has traded in a range of $47.61 to $70.21 and is now at $62.71, 32% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Monster Beverage. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Monster Beverage in search of a potential trend change.

Keywords: moving crosses monster beverage

Ticker(s): MNST