Thursday, January 19, 2012

Chart of the Day - Monster Beverage Corp (MNST)

The "Chart of the Day" is Monster Beverage Corp (MNST), which showed up on Tuesday's Barchart "All Time High" and the "Gap Up" list. Monster on Tuesday gapped higher to a all-time high of $101.55 and closed up +3.68%. Tuesday's rally was sparked by Goldman Sachs' upgrade for Monster to Conviction Buy from Buy and the hike in the price target to $124 from $95. Monster on Jan 11 declared a two-for-one stock split as of Feb 15. Monster Beverage Corp, with a market cap of $8.3 billion, wells energy drinks, fruit juices, fruit juice smoothies, juice cocktails, iced teas, lemonades, and still water.

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