Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Coca Cola's Not The Only Monster Beverage Stock

ByDragonfly Capital
AuthorGregory W. Harmon
Published 04/17/2013, 02:00 AM
Updated 05/14/2017, 06:45 AM
KO
-
MNST
-
BIG
-
RSI
-

Coca Cola, (KO) had a big earnings beat and then a monster run higher on Tuesday. It has been and was a big winner in all of our accounts. But if you missed it, there is another monster of a run that is about to kick off. Monster Beverage, (MNST), that company you were worried about when kids were collapsing from too much caffeine, is about to break out higher. Take a look:

Monster Beverage, (MNST)

MNST
The chart above shows Monster breaking the bottoming consolidation process on April 8th and moving higher. The break came with a rising and bullish Relative Strength Index (RSI) and a Moving Average Convergence Divergence indicator (MACD) that is rising. It moved to the previous high from December 12th 2012 and is consolidating. The initial move was nice but it sets up now for a move higher to 67.50 on a break over the 57.50 consolidation area, on a Measured Move higher. Those RSI and MACD support this continuing and that would close the gap (blue box) from August 2012. Use a move over 57.50 as a long entry into the stock or to buy the May 57.5 Calls.

Disclosure: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

Original post

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.