New High Watch, GMCR Coffee
Posted on Fri 4th Jan, 2008 06:00:54 AM
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.
Click to View, Click again to Zoom
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.
More on this topic
(What's this?)
Lone Pine Capital: New Green Mountain Coffee Roasters (GMCR) Stake (13G Filing)
(market folly, 9/1/09)
The New Survivalism
(When Giants Fall, 9/7/09)
The Top 10 Global Food and Beverage Companies
(The Wikinvest Daily Angle, 9/10/09)