Long Position on MNST @ $152.50 on 12/16/2015 (Momentum)

Monster Beverage Corporation (MNST) develops, markets, sells, and distributes alternative beverage category beverages in the United States and internationally.

The company’s Finished Products segment offers finished energy drinks to full service beverage distributors, retail grocery and specialty chains, wholesalers, club stores, drug chains, mass merchandisers, convenience chains, health food distributors, food service customers, and the military.

Its Concentrate segment provides concentrates and/or beverage bases to authorized bottling and canning operations. The company offers its products primarily under the Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, Muscle Monster, Punch Monster, Juice Monster, M3, Übermonster, BU, Gladiator, Nalu, NOS, Full Throttle, Burn, Mother, Play, Power Play, Relentless, Samurai, BPM, and Ultra brands.

The company was formerly known as Hansen Natural Corporation.

Shares have formed a "double bottom" and higher share prices are expected for this stock.

52-Weeks Trading Range: $105.35 - $160.50

Entry Point: $152.50

Stop Loss: $145.00

Target Price: $167.20

Updates

1/27/2016 12:30:51 PM

MNST closed at $139.25

Position closed on 1/27/2016 at price of $139.25 with a -8.69% loss in 42 days.

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