Monster Beverage is up huge today coming off a strong beat of earnings. Currently up nearly 10% on the session, this is just fitting the same line of earnings beat for the beverage makers. Both PEP and KO beat and has performed well off earnings. Now MNST is following their footsteps today. This may have been easier to see based on what their peers did on their reports, but MNST is the riskiest play by far out of the three. However, the reward was clearly sweeter for this beverage maker. I would keep MNST on your radar for the near and longer term. In fact, if Monday opens up favorably, I would be looking for an aggressive entry if the markets are looking favorable to the upside. Expect a run to test the 52-week high at $66.38 sooner than later. If the stock reaches this level next week, expect buyers to blast past and to make new highs.

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about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

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