GMCR should trade enough volume for a pocket pivot. While technicals have been constructive, keep in mind that stocks that have had massive runs of over 1000% then have huge corrections exceeding 70% typically do not continue this strong uptrend once new highs are achieved. One could take a position here, but keep your stops tight. Earnings, sales, and institutional sponsorship are slowing somewhat, group rank 40.
PPR - GMCR 6/27/14
|Published:||27 Jun 2014 17:07 ET|
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