Monster Beverage saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 62 to 72.
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IBD's unique rating measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Monster Beverage can continue to rebound and hit that benchmark.
Monster Beverage is trying to complete a flat base with a 64.45 entry. See if the stock can clear the breakout price in heavy trade.
Regarding top and bottom line numbers, Monster Beverage has posted rising EPS growth over the last two quarters. Sales growth has been a different story, coming in at -2% last quarter. The company is expected to report its next quarterly numbers on or around Aug. 6.
Monster Beverage earns the No. 5 rank among its peers in the Beverages-Non-Alcoholic industry group. Vita Coco is the top-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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