The Relative Strength (RS) Rating for Monster Beverage entered a new percentile Friday, with a rise from 70 to 81.
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IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves.
Monster Beverage is working on a flat base with a 64.45 entry. See if it can break out in heavy volume.
Earnings grew 24% last quarter, up from 7% in the prior report. Revenue also increased, from -2% to 11%.
Monster Beverage holds the No. 3 rank among its peers in the Beverages-Non-Alcoholic industry group. Embotell Andina A ADR is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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