Stock Chart Analysis GMCR

Posted by downtowntrader | 8/29/2007 09:41:00 PM | 3 comments »

Stock Chart Analysis GMCR

Green Mountain Coffee Roasters Inc. (Public, NASDAQ:GMCR)

GMCR recently broke to new all time highs recently and has subsequently pulled back into what I can only call a violent looking triangle. It started out moving in wild swings and has narrowed down into very tight candles. If it can clear this tight pattern the move could be explosive.



Good Trading,


Joey

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3 comments

  1. Anonymous // 7:24 AM  
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  2. terazleaman // 7:24 AM  
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  3. Doug // 1:05 PM  

    I've liked this stock for a while and I think some of the recent volatility in it was due to the stock split it underwent about a month ago. I think that whatever direction it breaks out into it will be very explosive like you said.

    --Doug
    www.tomorrowsnewspaper.blogspot.com