FRI 2/20: MNST – BUYING/ADDING (1/3) @ $82.98

9:53 AM – Shares are advancing from the 10 DMA to new all-time highs with an increase in volume. That is a bullish sign and qualifies as a BUY SIGNAL. This stock has about the highest over-all ranks and a decent fundamental history.

I am personally adding another 1/3 to my position here as momentum confirms institutional demand.

BUY SIGNALS:
2/18 (1/3) @ $83.68
2/20 (1/3) @ $82.98

NEW COST BASIS: $83.32

James’ Trader’s Tip: Strength Off the 10 DMA is My Buy Signal

 • The 10 DMA is the heartbeat of short-term momentum.

 • When price advances from that line on expanding volume, it often signals fresh institutional buying.

 • Adding in stages keeps risk controlled while building conviction.

 • Confirmation beats anticipation — let price prove the move.

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Chart services courtesy of stockcharts.com. Annotations by James Taulman.