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SmarTrend's Trend Spotter Sees Continued Upward Momentum on Shares of Green Mountain Coffee Roasters (GMCR)
Feb 09, 2010 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Green Mountain Coffee Roasters (NASDAQ:GMCR) on December 14, 2009 at $66.11. In approximately 2 months, Green Mountain Coffee Roasters has returned 25% as of today's recent price of $82.65.
Green Mountain Coffee Roasters is currently above its 50-day moving average of $74.79 and above its 200-day moving average of $65.26. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Green Mountain Coffee Roasters shares.
Write to Chip Brian at cbrian@tradethetrend.com
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