Coffee Holding (JVA)
This is an integrated wholesale coffee roaster and dealer in the U.S. This company conducts wholesale coffee operations, including manufacturing, roasting, packaging, marketing and distributing roasted and blended coffees for private labeled accounts and its own brands, and it sells green coffee. This stock is trading up 9.4% at $10.21 in recent trading.Today's Volume: 540,000 Average Volume: 550,026 Volume % Change: 88% From a technical standpoint, JVA is ramping higher today on decent volume. Traders should now watch for the next major breakout trade to trigger for JVA if the stock can manage to sustain a high-volume move and close above some near-term overhead resistance at $10.62. If we get that action soon, then look for JVA to make a run at its 200-day moving average of $11.76. If that level is then taken out with volume, it should be considered extremely bullish for JVA. Look for volume that's near or well above 550,026 shares. To see more stocks rising on unusual volume like Natus Medical (BABY), Methanex (MEOH) and CEVA (CEVA), check out the Stocks Rising On Unusual Volume portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.
Twitter and become a fan on Facebook. At the time of publication, author had no positions in stocks mentioned. Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.
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