MNST Stock Trades Below 200 & 50-Day SMA: How to Play the Stock?

Monster Beverage Corporation (MNST) , a high-profile player in the energy drink market, has encountered a notable resistance level, prompting caution among investors from a technical standpoint. MNST is trading below both the 200 and 50-day simple moving averages (SMA) for quite some time now, suggesting a bearish trend.Currently at $51.60, MNST remains below its 200-day and 50-day SMA of$51.99 and $53.29, respectively, indicating a possible sustained downward trend.MNST Stock's 200-Day & 50-Day Moving Ave ...