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Look for Shares of Green Mountain Coffee Roasters to Potentially Pullback after Yesterday's 3.04% Rise
Feb 27, 2013 (SmarTrend(R) News Watch via COMTEX) --
Green Mountain Coffee Roasters (NASDAQ:GMCR) traded in a range yesterday that spanned from a low of $45.33 to a high of $46.98. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $46.10 on volume of 3.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, Green Mountain Coffee Roasters share prices have been bracketed by a low of $17.11 and a high of $115.98 and are now at $46.78, 173% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 1.0%.
SmarTrend recommended that subscribers consider buying shares of Green Mountain Coffee Roasters on November 20th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.08. Since that recommendation, shares of Green Mountain Coffee Roasters have risen 56.1%. We continue to monitor GMCR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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