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Stock Investors Bid Up Shares of Monster Worldwide, Up 1.5%

Published on Wed, 01/30/2013 - 11:28
By Peter Chu

Monster Worldwide (NASDAQ:MNST), a company whose shares are moving quickly, is trading 1.5% higher to $47.95. The S&P is currently trading 0.2% lower to 1,505 and the Dow Jones Industrial Average is trading fractionally lower to 13,937.

Potential upside of 31.1% exists for Monster Worldwide, based on a current level of $47.95 and analysts' average consensus price target of $62.86. The stock should find initial resistance at its 50-day moving average (MA) of $50.54 and further resistance at its 200-day MA of $59.67.

Monster Beverage Corporation markets and distributes energy drinks, fruit juices, fruit juice smoothies, juice cocktails, iced teas, lemonades, and still water. The Company distributes its beverages in the United States and overseas.

Monster Worldwide share prices have moved between a 52-week high of $83.96 and a 52-week low of $39.99 and are now trading 20% above that low price at $47.95 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.2%.

By Peter Chu
pchu@fnno.com