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SmarTrend Watching for Potential Rebound in Shares of Green Mountain Coffee Roasters After 3.17% LossApr 05, 2013 (SmarTrend(R) News Watch via COMTEX) -- Green Mountain Coffee Roasters (NASDAQ:GMCR) traded in a range yesterday that spanned from a low of $52.58 to a high of $54.18. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $52.73 on volume of 3.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion. 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 89.0%. We continue to monitor GMCR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Green Mountain Coffee Roasters share prices have moved between a 52-week high of $115.98 and a 52-week low of $17.11 and are now trading 211% above that low price at $53.23 per share. Over the last five market days, the 200-day moving average (MA) has gone up 2.2% while the 50-day MA has advanced 2.6%. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |