TMCnet News
After Yesterday's Rally of 1.31% Shares Could Potentially PullbackJan 22, 2013 (SmarTrend(R) News Watch via COMTEX) -- Green Mountain Coffee Roasters (NASDAQ:GMCR) traded in a range yesterday that spanned from a low of $40.40 to a high of $41.65. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $41.25 on volume of 3.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. 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 140% above that low price at $41.13 per share. The 200-day and 50-day moving averages have moved 0.74% lower and 4.20% higher over the past week, respectively. 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 39.6%. 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 [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 |