New High Watch, GMCR Coffee
Green Mountain Coffee Roasters, GMCR stock is a company that distributes arabica coffee to supermarkets, food stores, and other outlets. The stock just yesterday had a big accumulation today and closed just under its breakout point of $42.
Resistance is at $42 even, so a stop limit at $42.10 should work just fine, look for strong accumulation on the breakout and look for it early in the session. See the chart for a clearer look.
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GMCR stock closed yesterday at $41.63, and is a buy at $42.10. The all time high for the stock is $42.96 set on August 8th, 2007.
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