Earnings Could Fuel Monster Back Into Buy Range

Monster Beverage is a member of the IBD 50, it's near a buy point and it reports earnings after the close on Thursday. Q1 EPS is expected to roar 24% to 68 cents, while revenue is projected to increase 12% to $601 million. Shares are trading about 2.7% below a flat base buy point of 144, so would positive earnings results fuel the stock back into buy range?

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