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MNST - Monster Corporation

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Apr 4, 2016.

  1. bigbear0083

    bigbear0083 Content Manager
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    Monster Corporation (MNST) is a beverage company that manufactures energy drinks, natural soft drinks, and fruit drinks including Monster Energy, Hansen's Natural Soda, Hansen's Energy, Hansen's Junior Juice, Hubert's Lemonade, Peace Tea, and Blue Sky.

    As of May 2012, Monster held nearly 35% of the $31.9 billion US energy drink market.
     
  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    A lot of shares being traded, as MNST approaches a triple-top
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  3. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    MNST ended up making a last-gasp push up to ~160, but then crashed (RSI went down to 18). Today is a relief rally with the market strength. The 50-day sma is probably some kind of resistance (it is the highest of the averages), but if it gets up into this box then it's a good short entry. Looking for another wave of selling.
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    Weekly chart showing divergence in momentum
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  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Making a push right up against the 50 sma right now. I think this one's going down.

    Funny price ratio: Only 1,500 employees for a $24.6B market cap company. That's $16M per employee, ridiculous. For instance AMZN is $407B market cap on 230k employees (~$1.8M per employee).
     
  5. Onepoint272

    Onepoint272 Well-Known Member

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    I like the structure. They've been coming in to support it at higher and higher levels and the supply of stock available for trading looks dried up.

    Weekly sticks:
    upload_2017-2-12_5-47-58.png
     
  6. T0rm3nted

    T0rm3nted Moderator
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    Up 12.5% pre-market on an earnings beat

    upload_2017-3-2_6-37-24.png
     
  7. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I still think this is a distribution range. Price below 200 sma. If a sugar tax goes into effect, this company will be affected; makers of sugar-free drinks have been doing well lately (FIZZ)

    On the other hand, what makes me think that a puny human like me can stop this company?
     
    Onepoint272 and bigbear0083 like this.
  8. Onepoint272

    Onepoint272 Well-Known Member

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    ^ Sheesh, let them go to $400/share, I won't be buying it or the drink....it's not worth the risk. Just ask Robert Johnson standing at the cross roads.


     
    #8 Onepoint272, Mar 17, 2017
    Last edited: Mar 17, 2017
  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Monster Beverage Hydro launch delayed (possibly indefinitely) in many markets due to unforeseen product complications, says Wells Fargo.

    Perfect timing on the news guys
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  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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  11. Charles Noble

    Charles Noble Well-Known Member

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    I suspect earnings will be good. China revenue and weaker dollar should help. Accumulating cash is always a good thing with no debt
     
    Jack Levy and fidelgeorge like this.
  12. bigbull

    bigbull Active Member

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    I`d be very careful with the stock. A `throw-over`wave could be in play. If so, the false break of the high is a sign of growing supply. If the stock cannot break above the break down point of its last earnings release of $57.21, there is a good opportunity of a re-test of the most recent lows in the $47 to $49 range. At that point there is need for re-evaluation.

    Not everything in this market right now is sunshine and rainbows.
     
    bigbear0083 likes this.
  13. bigbull

    bigbull Active Member

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    The stock is actually holding up well but there is no incremental buyers willing to step-up. If the stock closes above $56.12 on a closing basis, it may challenge the important breakpoint of $57.21. Multiple failed re-test of this point could create an opportunity to sell short the stock with risk capped at $60, or of it takes at $54.48 it may present another opportunity.

     
    T0rm3nted likes this.
  14. bigbull

    bigbull Active Member

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    Been dead wrong so far, but this may take time to develop. On the weekly it looks like its en course in establishing a right shoulder. All that does is up the ante for continued price appreciation to avoid a break of trend.
     
  15. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    MNST held up well today, 50 ma might be used as a reference for support nearby. Watching to see if it moves above 62.50
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