Green Mountain Coffee Roasters: The Trend Continues Higher (GMCR)

Dec 23, 2009 (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 1 week, Green Mountain Coffee Roasters has returned 7.4% as of today’s recent price of $70.97.

Green Mountain Coffee Roasters is currently above its 50-day moving average of $67.90 and above its 200-day moving average of $57.64. 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