Monster - time for a drink
Having some of the highest gross margins in its beverage group class, Monster is a great partner for Coke, and after the Monster chart has been still for a couple of weeks, there's a move coming. In the long run, Monster's a great hold for an account, solid margins, increasing revenues, earnings per share on the rise. A beginning position when the chart closes a day over 91.70 is a beautiful breakout setup. The run to 100 will be the slow haul but certainly ahead. We'll trade around this position holding a core position and selling portions off as the chart spikes, only to buy back at the pullbacks into new support levels. Here's a clean chart of what's ahead with a first stop at 88.50. I'll be certainly adding on the pullbacks
We're using this methodology with our Medronic and #D Systems positions as well - see older posts
