PPR - MNST after earnings

Published : February 26 2012 at 17:19 ET

We reported on MNST on January 13 when it issued a pocket pivot buy point. It then sported a buyable gap up the next trading day.

Most recently, on Friday February 24, MNST had a pocket pivot point after first trading lower following its earnings report, then finishing the day near the top of its day's trading range on substantial volume. This upside reversal is powerful price/volume action and bodes well for a continued upside move in MNST.

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