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Xafada
Jan 27, 2013 6:34 AM

Aggressive Distribution Short

Monster Beverage CorporationNASDAQ

Description

FYI the company will report on Feb 18, 2013. The stock has been under heavy and aggressive distribution and it seems the sharp drop from its 2012 peak is a worrisome trend and will continue until the stock finds bottom and probably that won't happen before $34 area. If you decide to take a short position, make your stop loss at and around $50 with target price $40 and probably $34. Join us woowtrading.net
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