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TMCNet:  Green Mountain Coffee Roasters Set to Possibly Pullback After Yesterday's Rally of 7.86%

[December 04, 2012]

Green Mountain Coffee Roasters Set to Possibly Pullback After Yesterday's Rally of 7.86%

Dec 04, 2012 (SmarTrend(R) News Watch via COMTEX) -- Green Mountain Coffee Roasters (NASDAQ:GMCR) traded in a range yesterday that spanned from a low of $37.46 to a high of $41.25. Yesterday, the shares gained 7.9%, which took the trading range above the 3-day high of $38.65 on volume of 9.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
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SmarTrend is monitoring the recent change of momentum in Green Mountain Coffee Roasters. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Green Mountain Coffee Roasters in search of a potential trend change.

In the past 52 weeks, Green Mountain Coffee Roasters share prices have been bracketed by a low of $17.11 and a high of $115.98 and are now at $40.78, 138% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has advanced 1.5%.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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