Monster Beverage's 'Technical Caffeine' Is Kicking In

Monster Beverage (MNST) has rallied to the top of a trading range and it looks like we can have a breakout on the topside. Volume and price are the energy drink of the chartists so let's check on the trading pattern for MNST.

This daily chart of MNST, below, shows a potential base pattern. In November through early March declines in MNST to $42 and below found buying interest. Prices gaped to the upside in early March, jumping above the 50-day moving average line and stopping at the underside of the declining 200-day moving average line. Prices slowly moved lower the next two months and this month surged back to the top of the trading range around $48-$49. The rally so far this month put MNST above the 200-day average line. ...218 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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