PPR - MNST may have a positive high volume reversal
MNST manufactures non-alcoholic beverages and continues to show fundamental and technical leadership.
It had a recent buyable gap up which we reported on, and today, after being downgraded on valuation, may manage to make back all its losses, ie, close at least even, and have enough volume (702,000) to qualify for a pocket pivot.
Should such occur, such price/volume action is technically very favorable for a leading stock. Also, a downgrade on valuation in a leading stock in an uptrending market can be a good point in which to pyramid a position, since any mini gap down caused by the downgrade is usually filled within the next few days.
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