Chart of the week
Date: 03/01/2010
Symbol: GMCR
Company Profile: Green Mountain Coffee Roasters, Inc. operates in the specialty coffee industry in the United States and internationally. It sells approximately 200 whole bean and ground coffee selections, cocoa, teas, and coffees.
Sector: Consumer Goods
Industry: Processed & Packaged Goods
TRADING PLAN
Entry price: long above 85.10
Stop price: stop under 82.50 (10sma weekly)
Target: 200sma daily resistance areas
Chart explanation: Main idea for GMCR is bounce from weekly 10sma after two consolidation months. On the weekly and monthly time frame charts we can see that is strong uptrend stock and I will look for continuation.
If anyone have any question or need update feel contact me over email or in the live trading room.
Wish you all good trading!!!
Kind regards
Ivica
http://www.ivicatradingcharts.com/
Date: 03/01/2010
Symbol: GMCR
Company Profile: Green Mountain Coffee Roasters, Inc. operates in the specialty coffee industry in the United States and internationally. It sells approximately 200 whole bean and ground coffee selections, cocoa, teas, and coffees.
Sector: Consumer Goods
Industry: Processed & Packaged Goods
TRADING PLAN
Entry price: long above 85.10
Stop price: stop under 82.50 (10sma weekly)
Target: 200sma daily resistance areas
Chart explanation: Main idea for GMCR is bounce from weekly 10sma after two consolidation months. On the weekly and monthly time frame charts we can see that is strong uptrend stock and I will look for continuation.
If anyone have any question or need update feel contact me over email or in the live trading room.
Wish you all good trading!!!
Kind regards
Ivica
http://www.ivicatradingcharts.com/
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