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Caribou Coffee Rising on Above-Average Volume, Consistent With Trend (CBOU)
Jan 14, 2013 (SmarTrend(R) News Watch via COMTEX) --
Shares of Caribou Coffee are trading today in above average volume, with the share price rising 0.0% to $15.98. Approximately 992,000 shares have changed hands today vs. average 30-day volume of 646,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend recommended that subscribers consider buying shares of Caribou Coffee on December 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.69. Since that recommendation, shares of Caribou Coffee have risen 26.0%. We continue to monitor CBOU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Over the past year, Caribou Coffee has traded in a range of $9.93 to $18.84 and is now at $15.99, 61% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 3.2%.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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