TMCnet News
Downgrade Alert for Caribou Coffee (CBOU)Dec 28, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Caribou Coffee (NASDAQ:CBOU) was downgraded from Buy to Neutral at Dougherty today. The stock closed yesterday at $16.12 on volume of 277,000 shares, below average daily volume of 590,000. Caribou Coffee Company is a company-owned gourmet coffeehouse operator. The Company offers high-quality gourmet coffee and espresso-based beverages, specialty teas, baked goods, whole bean coffee, and branded merchandise. Based on a current price of $16.12, Caribou Coffee is currently 2.5% above its average consensus analyst price target of $15.71. The stock should find initial support at its 200-day moving average (MA) of $13.34 and further support at its 50-day MA of $12.64. In the past 52 weeks, Caribou Coffee share prices have been bracketed by a low of $9.93 and a high of $18.84 and closed yesterday at $16.12, 62% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 1.65% higher over the past week, respectively. 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 27.1%. We continue to monitor CBOU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. 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 |