Long Position on MNST @ $54.85 on 9/28/2017 (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.

Shares are heading higher in an upward trading channel. The lower boundary of the said channel coinsides with the stock's 50-day moving average shown in brown. Shares are currently at the lower boundary of the said channel. Higher share prices are expected for this stock.

52-Weeks Trading Range: $40.64 - $57.25

Entry Point: $54.85

Stop Loss: $52.10

Target Price: $60.35

Updates

10/30/2017 1:34:52 PM

MNST  closed at $56.76

Position closed on 10/30/2017 at price of $56.76 with a 3.48% gain in 32 days.

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