As you may know, Monster Beverage (MNST) has been one of the greatest stocks in the past few decades.
It’s gone from $4 to $60 since 2010:
We’ve been watching it for a while but it’s never blasted through its trigger point.
It’s getting close now, though.
Here’s the chart:
It was flirting with that level back in August but it turned away as the market sold off.
Now, it’s taking another run at the breakout level at $60.47.
Getting through that level could lead to a monster run.
We’ll keep an eye on it.
Happy trading,
— Scott Welsh
P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The chart above uses weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.
